VTB, the Russian bank, has extended its sponsorship of the FIG, the international gymnastics federation, to cover major events in 2019.
The financial institution has been a backer of the governing body since 2009, and renewed its agreement at the recent inaugural Junior Artistic World Championships in Gyor, Hungary.
The deal entails continued financial support for gymnastics disciplines and development funds for the continental governing bodies.
FIG president Morinari Watanabe said: “It is important for a federation like ours to know that it can count on a long-standing partner to continue its development programmes and provide support for the continents.”
The federation’s other major sponsors are Longines, Fujitsu, Cirque du Soleil, Pasona and Tokio Inkarami, which came on board just last month.
For the first time this year a ‘VTB prize for accuracy’ will be awarded by a dedicated jury at the Trampoline World Championships. The man and woman considered to have performed the most accurate exercise will each receive $5,000.