Within this limit, VTB will sign general agreements with the group’s companies on providing banking guarantees for tax authorities and for paying for the services of Russian Railways. Guarantees totalling RUB 800 million will be provided until September 2014.
The bank previously opened the company a RUB 550 million credit limit for replenishing its working capital. The money was issued in the form of a non-revolving credit line for two years and as a one-year overdraft facility.
In late 2012, VTB loaned RUB 778 million to Eurosib Group for five years to refinance its spending on the acquisition of railway cars.
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