The NCDC has been a customer of JSC VTB Bank since December 2010.
The bank provides the company with cash and settlement services, as well as deposit services. In particular, the company has placed its RUB500m charter capital with the bank.
VTB Bank president-chairman of the Management Board Andrey Kostin said the main prospects of cooperation with the NCDC lie in the bank’s participation in financing and supporting various projects implemented with the help of the company, including enterprises and institutions where the company is a shareholder.
NCDC was established in November 2010 with its office located in Yessentuky, a town in the Stavropol Krai, Russia.
The only shareholder of the company is the Bank for Development and Foreign Economic Affairs (Vnesheconombank). The key objectives of the company are to support investment projects implemented in the North Caucasian Federal District, and attract investors to operate such investment projects.
