OREANDA-NEWS. December 27, 2013. VTB Bank has issued a five-year RUB 2 billion loan to Moscow United Electric Grid Company (MOESK) as part of a previous loan agreement totalling RUB 10 billion. MOESK will use the funds to finance its investment programme.

VTB has been actively developing its partnership with MOESK since 2012. Besides loan facilities, MOESK also uses the bank’s cash and settlement services.

Yuri Soloviev, First Deputy President and Chairman of VTB Bank’s Management Board, said: "Support for energy companies is one of the bank’s priorities. I hope that mutually beneficial cooperation between VTB Bank and MOESK will not only help the energy company to preserve its solid market position but also to continue to grow and develop."