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The consumer market network is being developed by VTB and Stolitsa on Sakhalin

The consumer market network is being developed by VTB and Stolitsa on Sakhalin
Photo: Donat Sorokin / TASS

VTB will provide financial support to LLC "GC" Stolitsa "in the construction of 15 new retail facilities in the regions of the Sakhalin Region by the end of 2022. VTB signed an agreement to support the investment program of Stolitsa Group within the framework of EEF-2021.

The document at the forum was signed by the head of the VTB Regional Corporate Business Department - Senior Vice President Ruslan Eremenko and General Director of Stolitsa Group of Companies Evgeny Molodtsov.

In 2021, VTB opened a credit line for LLC Stolitsa for 1,5 billion rubles for a period of up to seven years. The funds were provided within the framework of a preferential program to stimulate lending to small and medium-sized businesses of the SME Corporation. The signed agreement is aimed at expanding cooperation and building new facilities for the consumer market. LLC “GC“ Stolitsa ”, with the financial participation of VTB, plans to commission up to 15 retail facilities in different regions of Sakhalin, including in the format of supermarkets.

As noted by Ruslan Eremenko, despite the pandemic and continuing restrictions, retail trade is recovering. And VTB is always ready to provide partners with the necessary resources, as well as modern digital products for effective business. Today, trade lending accounts for over 20% of VTB's medium and small business clients' loan portfolio, and support for entrepreneurship is a strategic objective of the bank.

Evgeny Molodtsov also noted that every sixth resident of the region works in the field of trade. New facilities were put into operation in two municipalities in 2021, as well as new jobs in the region. With the support of VTB, the company will be able to implement an investment program that has not only economic but also social significance for the Sakhalin Region. "

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