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VTB to finance TopProm

February 4, 2014

ENP Newswire - 04 February 2014 Release date- 03022014 - VTB Bank has signed a three-year loan agreement worth RUB 500 million with TopProm, a Kuzbass-based coal holding company. TopProm will use the funds to finance its operations. 'Working with regional enterprises working in important sectors is one of VTB Bank's priorities. This agreement marks a new stage in our business relationship with a high-tech southern Kuzbass coal enterprise'. Mikhail Oseevskiy, Deputy President and Chairman of VTB Bank Management Board For reference: The TopProm Ggroup of Companies has been in the coal business since August 2000 . It comprises 13 enterprises, including its core asset, TopProm, the Shchedrukhinskaya, Taibinskaya and Koksovaya enrichment plants, and the Yubileinaya coking coal mine. The group focuses on coal production, enrichment and consumer sales.

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Source: ENP Newswire

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