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VTB to provide credit to the Republic of Karelia

13 May 2013

VTB to provide credit to the Republic of Karelia.

Following a number of open auctions, VTB Bank will sign six state contracts for credit services with the Ministry of Finance of the Republic of Karelia.

The result of VTB winning the auctions is a total sum of contracts worth 1.1 billion rubles. The bank will provide funds in the form of revolving credit lines for terms ranging from 18 to 36 months. The funds will be used to finance the republic’s budget.


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