VTB Bank (Deutschland) AG participates in $675 million financing for Gunvor Group Ltd
Sep 24, 2013
Specialist bank for German-Russian trade relations further expands business in Russia
VTB Bank (Deutschland) AG is significantly involved as an arranger of a financing facility led by Credit Suisse for the Ust-Luga Terminal near St. Petersburg, which ranks as one of the world's largest terminals with 30 million tonnes of goods turnover. The investor, Gunvor Group Ltd, is thereby expanding its market position as one of the world's leading energy sector companies. The total financing volume amounts to $675 million.
Peter Petrik, the Head of Corporate Banking at VTB Bank (Deutschland) AG who was responsible for this deal, commented as follows: "VTB Bank (Deutschland) AG sees itself not just as a specialist bank for German-Russian trade relations, but especially also as a reliable business partner for investments in Russia, as well as, in the other direction, for Russian companies in Europe. Our close business contacts are reflected in numerous major projects. Given the high lending volume entailed, the financing of the Ust-Luga Terminal is of outstanding significance for us. We will continue to be a strong and reliable partner at our customers' side, further expanding our unique expertise on the Russian and European markets."
VTB Bank (Deutschland) AG at a glance
VTB Bank (Deutschland) AG is a commercial and specialized bank for German-Russian trade relations. For over 40 years the bank has been a competent and reliable partner to their clients in helping their business in Russia and the Commonwealth of Independent States (CIS) with advisory and execution services. The bank has an extensive know-how and market-specific expertise, excellent contacts to the Russian market as well as competent staff capable of concrete, fast, focused and flexible solutions to address the needs of corporate customers.
VTB Bank (Deutschland) AG is a member of the VTB Banking Group, which is listed at the stock exchanges in London and Moscow. VTB Bank is the second largest Russian bank, and it is the largest Foreign Trade Bank of the Russian Federation. It offers not only its own expertise, but also the networking benefits of an internationally active commercial bank.
VTB Bank, measured at its total assets, belongs to the 100 largest banks in the world, and has a geographically unique network of approximately 1,000 branches in Russia, and many offices and subsidiaries in the CIS countries, Europe and the Emerging Markets.