OREANDA-NEWS. January 27, 2014. VTB Bank has opened a non-revolving credit line in the amount of 1.2 billion roubles until September 2020 for Pskov Alliance, a LUG Group company.

Part of the funds will be used to finance the construction of Pskov’s first sport and recreation centre, with a water park with a capacity of 800 people per day, a shopping arcade and street and underground parking for 824 vehicles. The centre, which has a planned footprint of 65,538 square metres, is to be completed in the third quarter of 2015.

The LUG group of companies has been cooperating with VTB since 2011 and uses its cash management, loan and deposit services.