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VTB to grant RUB 2.3 billion loan to Arkhangelsk Region

 
19 April 2013

VTB to grant RUB 2.3 billion loan to Arkhangelsk Region

Following nine pubic auctions held by the Finance Ministry of the Arkhangelsk Region, VTB Bank will sign contracts for the provision of loan services to the regional government.

The total value of the loans will be RUB 2.3 billion, to be provided in the form of revolving credit lines with maturity from 17 to 19 months. The Arkhangelsk Region government will use the loans to finance its budget.


Tags:
lending, VTB Bank

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