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VTB Group increases support to core spheres of Russian economy

16 January 2009

In late 2008, according to the Russian Government instructions VTB Group pursued to increase the volume of resources channeled into Russian economy. In December, the Russian banks of VTB Group provided over RUB 227 billion loans to corporate customers and households.  

Vast recourses were lent to companies operating in such spheres as precious stones and metals extraction - RUB 32 billion, defense and space industries  - over RUB 33 billion, and construction industry - more than RUB 23 billion. Active support was provided to federal and municipal authorities that raised almost RUB 16 billion, trade companies - over RUB 16 billion, metallurgy companies - more than RUB 15 billion, railway transport - over RUB 12 billion, and car manufacturing - more than RUB 10 billion. Small- and medium-sized customers received over RUB 3 billion financing. 

VTB Group also continued its socially important activity to finance households. As of December 2008, individuals raised loans totaling RUB 14 billion, with mortgage accounting for over RUB 3 billion. 

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