VTB Bank will provide the Federal state unitary enterprise “Saint-Petersburg research Institute of vaccines and sera and enterprise and Biopharmaceutical Plant under Federal Medical Biological Agency of Russia” a loan totalling more than $ 12 500 000 for a period of 5 years. The loan agreement was signed in the framework of previously established credit limit for the company in the amount of $ 38 000 000. 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 $ 22 800 000.
«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.