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VTB Deputy Chairman Vasily Titov visits Samara

 
26 December 2008

On 26 December 2008, a meeting between Vasily Titov, Deputy Chairman of VTB Bank Management Board and Vladimir Artyakov, Governor of the Samara region took place in Samara.
During the meeting, the parties discussed the implementation of the Cooperation agreement signed between the Bank and the Samara Government in December 2005.

The agreement is aimed at enhancing financial and banking support to the Samara region, and also joint implementation of economic, social and financial policy in the region.

VTB Bank cooperates with the Samara region in financing regional programs important for the regional economy and infrastructure. "In the current financial crisis we continue strengthen our cooperation with the Samara region and we are ready to provide overall support to Governor Vladimir V. Artyakov and the Government of Samara in implementing top priority social and economic tasks", said Vasily Titov.

VTB continues to dynamically increase the volume of funding to the real sector, in particular, to enterprises and companies of the Samara region.

In September-November 2008, core companies of the Samara region were provided with loans exceeding RUB 6.8 billion, among them: JSC Avtovaz, CJSC VAZinterservice, A.M. Tarasov Plant, JSC Gidroavtomatika, JSC Samaravolgomash, CJSC Samaraorgsintez and others.

Over the past two years, the Bank has significantly increased the financing to medium-sized businesses of the region, having extended the loans totaling RUB 60.2 billion. As of 1 December 2008, its loan portfolio relating to this customer category in the Samara region reached RUB 20.9 billion.

For reference:

VTB started its operations in the Samara banking market in 1995 and continues to consistently strengthen its positions. Nowadays, VTB Group (VTB Bank and VTB24) has 6 outlets in the Samara region.   Operating potential of the Samara branch comprises of 140 employees, 119 of them work in the head office and 21- in VTB sub-office in Tolyatti.

As of 01.12.2008, VTB Branch in Samara provides services to 959 customers, 37 of them are large customers, and 922 are medium-sized ones.


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