3 Aug 2020
EUR 60 million
Industries and services
|Date of agreement:||20 Apr 2011|
|Amount in EUR:||EUR 100 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The 10-year-maturity multicurrency loan programme in an amount equivalent to EUR 100 million has been provided for onlending to projects that comply with NIB's mandate, primarily within the sectors of energy efficiency, transport and logistics with the emphasis on projects located in Northwest Russia.
Established in 1990 to enhance Russian foreign trade, JSC VTB Bank is the second largest commercial bank in Russia with the state as a majority shareholder.
Each sub-project will undergo a separate mandate compliance and environmental evaluation and approvals are subject to NIB's decision.
NIB undertakes the responsibility to perform the environmental analysis of projects to be financed on the basis of information provided by VTB Bank.