VTB opens USD 80 mln credit line for UkrAvto

According to a press release from VTB Bank, it signed a cooperation agreement with one of the largest Ukrainian car producers and sellers, UkrAvto (AVTO). The agreement will see the extension of financing for car purchases in Ukraine. According to the agreement, VTB will give 2-year retail loans (in UAH at a 20.49% interest rate) to facilitate purchases of cars from UkrAvto. The total amount of available financing will be up to USD 80 mln.