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VTB lends to Omsk region

4 March 2009

In February 2009, VTB Bank won an open tender held for a state contract to credit Omsk region. The tender resulted in VTB lending to the regional Administration the total amount of RUB 2.5 billion.

The funds raised were channeled into financing the socially important budget expenses of the region and were fully agreed upon with the Russian Finance Ministry.
The Bank has successfully been developing cooperation with the Omsk regional Administration since 2006. The aggregate volume of the region's debt to VTB currently amounts to RUB 5.9 billion.


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