DVI Holding has made a 1 650 million rubles credit accommodation agreement with KIT Finance bank.
The loan is structured in the form of a 5-year funding. The company plans to use these funds to finance the final stage of “KomsoMALL” RLC construction in Volgograd.
KIT Finance Investment Bank OAO (formerly VEB-invest bank) is a universal commercial bank, a part of KIT Finance group. Head office is located in St. Petersburg. As of June 30, 2011, the bank’s main shareholders are: Russian Railways (19,29%), TransFinCapital LLC (23,12%), and also three trust managers for “Welfare” NPF pensionary reserves (57,15 % all three combined). According to Russian Accounting Standards, in the first half of 2011 KIT Finance Investment Bank OAO’s net income has grown by 750% compared to last year - up to 905,2 million rubles .