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VTB provides financing to Kemerovo Region

19 December 2012

VTB provides financing to Kemerovo Region.

VTB Bank has signed agreements to provide a total of RUB 1 billion in loans to finance the budget deficit of the Kemerovo Region after winning eight electronic auctions.

The borrowed funds are planned to be channelled for financing the region’s budget deficit, which will help to balance its budgetary process and to resolve a number of social issues.

“Cooperation with government structures is one of VTB Bank’s strategic priorities. The bank plans to continue strengthening financial and economic relations with the region’s administration,” said Member of VTB Bank Management Board Valery Lukyanenko.  

lending, VTB Bank

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