VTB Provides Financing to Urals Vegetable Oil Producer
OREANDA-NEWS. December 09, 2013. VTB Bank continues to provide financing to Russia’s largest agricultural producers.
The bank has issued a total of RUB 948 million over three loans to Chishminskoye, a production unit of Sigma agricultural holding company in Chelyabinsk. The loans have been provided for periods of up to 12 months and will be used to finance the company’s ongoing business activity.
“Supporting agricultural producers in Russia’s regions is a key priority for us,” said Mikhail Oseevskiy, Deputy President and Chairman of VTB Bank Management Board. “We continue to provide substantial amounts of funding to regional agribusinesses.”
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