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VTB Bank provides financing to Samara Region

 
14 November 2013

© RIA Novosti, Yuri Strelets

VTB Bank has won two government contracts to provide RUB 2.4 billion in loans to Samara Region via open auctions to finance the regional budget deficit and service its government debt.

The loans will be provided for four and five years and will be used to finance the region’s priority expenditures.

Valery Lukyanenko, member of the VTB Bank Management Board, said: "Our longstanding cooperation with the Samara Region helps the local government to achieve its priority economic, social and financial goals."


Tags:
lending, Russia

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