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VTB to provide RUB 2 billion in financing to Leningrad Region

 
3 September 2013

VTB to provide RUB 2 billion in financing to Leningrad Region.

VTB Bank has won several government contracts in open tenders to provide financing to the Leningrad Region.

The bank will provide credit facilities totaling RUB 2 billion to the region. They include RUB 1.1 billion for a term of three years and RUB 900 million for two years.

The funds will be provided in the form of non-revolving credit lines and will be used to finance the budget deficit and service the regional government debt.


Tags:
lending

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