OREANDA-NEWS. August 19, 2014. VTB has opened a RUB 750 million credit line for Itkol-NN.

The seven-year facility will be used to finance the construction of a shopping and entertainment centre with a water park in the town of Kstovo, Nizhny Novgorod region.

"We have worked hard to expand our financing of the construction sector, which has significant investment potential. As a major investor, VTB takes a great interest in financing promising projects in this sector. Construction of leisure facilities such as this one testifies to the active renovation and modernisation of infrastructure taking place in Russian cities, and we are happy to contribute to this process," said Deputy President and Chairman of VTB Bank Management Board Mikhail Oseevskiy.