News


25 September 2015

VTB Group will allocate five hundred thousand US dollar funding to the Georgian Gymnastics Federation, affected by the flood in Tbilisi

VTB Group will allocate five hundred thousand US dollar funding to the Georgian Gymnastics Federation. Infamous flood on June 13 severely damaged the building of a federation and the sport equipment was almost totally destroyed. Allocated funds will be spent on restoring damaged building and purchasing new sport equipment. Thanks to the provided financing up to five hundred sportsmen and youth will have opportunity to train in improved conditions with sport equipment of the international standards.

Grand opening of the newly renovated building of the federation is planned at the beginning of year 2016.

VTB Bank (Georgia) CEO, Archil Kontselidze, stated:

Since the year 2012 VTB Bank (Georgia) is the General Sponsor of the Georgian Gymnastics Federation. June 13 flood did severe damage to the federation. Unfortunately, Tbilisi flood claimed lives of many people, significantly damaging population and infrastructure of the city. Although 3 months have already passed since the tragic event and restoration works are actively being implemented, many things are left to be done. This is the exact reason why support of the Business Sector is as important as ever. In aid to victims of June 13 flood, VTB Group has allocated 1,433,000 GEL (one million four hundred and thirty three thousand Georgial Lari) in total. I am sure that funds allocated to the Gymnastics Federation will be reflected on future development and success of sportsmen. 



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