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VTB expands cooperation with the Novosibirsk Region

 
7 September 2012

VTB expands cooperation with the Novosibirsk Region.

VTB Bank has been awarded several state contracts to finance the Novosibirsk Region’s budget deficit after winning online tenders announced by the regional government.

Under these contracts, the bank has provided 1.3 billion roubles worth of loans to the Novosibirsk Region. The funds will be used to finance priority expenditures stipulated by the regional budget, in order to ensure social stability in the region.

"VTB has a history of cooperation with regional and municipal administrations, helping them achieve their economic, social and financial priorities," said Valery Lukyanenko  a member of the VTB Management Board.


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