OREANDA-NEWS. December 27, 2012. VTB Bank has extended a two-year RUB 500 million credit line to the Teploenergo utility company, after winning a bid announced by the company.

The funds will finance the company’s operation.
 “VTB’s involvement in financing Teploenergo’s operations will enable the company to implement major project to more quickly modernise and upgrade its utility infrastructure and facilities, and to improve the quality of their services,” said Member of VTB Bank Management Board Valery Lukyanenko.