Acting under the program aimed at supporting Russian regions, VTB Bank has extended a RUB 1.56 billion loan to the Tomsk Region Administration for a one-year period. The volume of borrowing has been agreed with the Ministry of Finance of Russia.
The funds will be channeled into meeting socially important expenditure commitments of the regional budget.
VTB actively cooperates with the administrations of the RF constituent and municipal entities, assisting them in solving priority tasks of the regions in economic, social and financial spheres. Cooperation of the Bank and the Tomsk Administration has been developing since 2002.