OREANDA-NEWS. May 26, 2014. VTB Bank has provided a VAT repayment guarantee to Novokuibyshevsk Petrochemical Company (Sanors Holding) worth RUB 730 million. The guarantee was given to ensure that the company fulfils its obligation to return VAT to the budget in Q1 2014. 

 The bank has also issued a letter of credit for RUB 2 billion to Sanors. This includes a RUB 500 million credit agreement already in place between VTB and Sanors. 

Yuri Soloviev, First Deputy President and Chairman of the VTB Bank Management Board, noted, “VTB has partnered with Sanors holding for several years now. We are interested in further strengthening our mutually beneficial relationship, which facilitates growth and has a positive effect on the development of the Samara Region.”