OREANDA-NEWS. October 24, 2011. DTEK signed an agreement with Russian Commercial Bank (Cyprus) Limited (VTB Group) on five years RUB 10 billion credit line opening.

Proceeds will be used for general corporate purposes, including but not limited to financing working capital, CAPEX and M&A needs, in line with DTEK’s long-term business development strategy.

‘Despite unstable capital markets situation, DTEK is able to attract significant long-term credit facility which is a proof of our partners trust in the reliability and stable development of the Company. This credit line is a unique for a corporate sector of Ukraine. We highly appreciate the support of our partner from VTB Group - Russian Commercial Bank (Cyprus) in implementing our strategic goals,’ said Vsevolod Starukhin, DTEK’s CFO.