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VTB provides financing to Tambov

7 December 2012

VTB provides financing to Tambov.

VTB Bank has won several municipal contracts to provide financing to cover the city budget deficit, in an auction held by the Tambov city government.

The bank will provide credit worth RUB 535 million to the Tambov government to finance priority municipal expenditures which are crucial for social stability in the city.

"VTB’s victory in the public auctions in Tambov in 2012 is a major step toward a stronger partnership with the Tambov government," said Valery Lukyanenko, Member of VTB Bank Management Board.

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