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VTB Group continues financing to key spheres of Russian economy

16 June 2009

In 2009, in accordance with the instructions from the Russian Government, VTB Group continued to increase the volume of resources channeled into the Russian economy. In May, the Russian banks of VTB Group provided over RUB 63 billion in loans to corporate customers and households.     

Most resources were granted to companies operating in construction and construction materials industries - over RUB 5.1 billion, trade companies - over RUB 3.5 billion, metallurgical industry – over RUB 3 billion, car industry – RUB 2.9 billion and electric power industry – over RUB 2.5 billion. Federal and municipal authorities continued to get active financial support, raising over RUB 1.3 billion, defense and space industries received over RUB 4.5 billion, and agribusiness  - over RUB 1.2 billion. Small- and medium-sized customers were provided with new loans exceeding RUB 5.2 billion.

VTB Group also continued its socially oriented activity to finance households. In May 2009, individuals raised total loans exceeding RUB 16.4 billion, with mortgage loans amounting to RUB 0.9 billion, and auto loans – more than RUB 1.7 billion.

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