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VTB lends to the Penza Region

30 March 2009

VTB Bank has granted a RUB 1 billion loan to the Penza Administration for a one-year period. The loan was agreed with the Russian Ministry of Finance.    

The funds borrowed will be channeled into financing top-priority budget expenditures that influence social stability of the region, in particular, payment of salaries, social obligations and utility services.   

VTB actively cooperates with the administrations of the Russian constituent and municipal entities, assisting them in solving priority tasks of the regions in economic, social and financial spheres.

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