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VTB: 350 million to Lena River Shipping Company

  • Published in Economy
SG1L0600

VTB Bank has provided Lena River Shipping Company a credit line in the amount of 350 million rubles for one year. The funds will be used to finance the current activity of the Company, including the preparation of the fleet to navigation.

Total financing of Company by VTB Bank exceeded 1.3 billion rubles. VTB has been working with Lena River Shipping Company since 2004, including implementing cash management services of the Company.

Reference:  Lena River Shipping Company operates in the north-east of Russia. About 70% of Yakutia water transport services market falls on a share of the enterprise.

Based on the media