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VTB will provide Spbniivs a loan of 800 million rubles for the production of vaccines – Russia news today

VTB will provide Spbniivs a loan of 800 million rubles for the production of vaccines

© RIA Novosti / Maxim to Bogodeeva in fotobanka. Archival photoVTB will provide Spbniivs a loan of 800 million rubles for the production of vaccines© RIA Novosti / Maxim to Bogodeeva the image Bank

VTB Bank will provide the Federal state unitary enterprise «Saint-Petersburg research Institute of vaccines and sera and enterprise for manufacturing bacterial preparations» (subsidiary of FMBA of Russia) loan of 800 million rubles for a period of 5 years, the press service of the Bank.

The loan agreement was signed in the framework of previously established credit limit for the company in the amount of 2.45 billion rubles.

The funds were provided to Finance investment projects aimed at the creation and production of new products, in reducing the seasonal incidence of the population. Until the end of 2018, the total investment VTB in these enterprise projects are 1.45 billion.

«We have been cooperating with the Institute for more than 10 years, providing the company a full range of banking services and products. Our joint work allows to provide the population with quality and affordable medicines, thereby strengthening the health of our citizens,» — are reported words of the Deputy President-Chairman of Board of Bank VTB Valery Lukyanenko.

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