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VTB provides financing to Novgorod Region

21 August 2013

VTB provides financing to Novgorod Region.

VTB Bank has won a government contract to provide financing to the Novgorod Region in north-west Russia.

The bank will extend a RUB 2 billion loan to the regional government for a period of 1.5 years. The money will be used to cover the regional budget deficit and to service the region’s current debt.

VTB Bank, lending

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