OREANDA-NEWS. VTB has provided a three-year 1.475-billion-rouble loan to Novomet-Service, a major Russian equipment maintenance operator in the oil and gas sector and part of Novomet Group.

“VTB provides significant support to companies in the Perm Territory, one of Russia’s leading industrial regions. The current volume of funding made available to clients in the region is over 25 billion roubles, and medium-sized businesses account for half this amount,” Deputy President and Chairman of VTB Bank Management Board Mikhail Oseevskiy said.