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VTB issues credit to Voronezh government

22 November 2012

VTB has closed a municipal contract with the administration of Voronezh to open a 500 million rouble credit line. The funds will be channeled for covering the city budget deficit and for the repayment of municipal debts.

The contract was signed after VTB’s victory in this month’s open tender for crediting rights for Voronezh.

"VTB is involved in active cooperation with regional and municipal officials to support them in resolving priority economic, social and financial issues," Member of VTB Bank Management Board Valery Lukyanenko said.

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