OREANDA-NEWS. June 06, 2014. VTB Bank has extended a RUB 900 million loan to the state unitary enterprise Housing and Utilities Services in the Russian Republic of Sakha (Yakutia) as part of an existing three-year credit line.

The funds will finance the company’s operation.

“VTB Bank’s work with the housing and utilities services provider in Yakutia forms an important contribution to people’s welfare and comfort in the republic,” Valery Lukyanenko, VTB Bank Management Board member, said. “I am confident that this mutually advantageous cooperation will promote the state company’s growth and help improve Yakutia’s housing and utilities infrastructure.”