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VTB to lend to Orel region

 
14 August 2012

VTB Bank has won two open tenders to provide loans to the Orel Region government to finance the regional budget deficit.

Under the agreements, VTB Bank will grant the regional government loans totaling RUB 1 billion. The funds will be channeled to finance high priority regional budget spending to support social stability in the region.

 
 
 
 
Valery Lukyanenko, Member of VTB Bank Management Board
«VTB’s success in these tenders is a serious step in strengthening our partnership with the Orel Region administration.»
Valery Lukyanenko,
Member of VTB Bank Management Board

VTB Bank has been a regular creditor of Orel Region since 2011, granting the regional government loans currently totaling RUB 1.3 billion.

Valery Lukyanenko, Member of VTB Bank Management Board, said: “VTB’s success in these tenders is a serious step in strengthening our partnership with the Orel Region administration”. 


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