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VTB issues subordinated loan to Kazakhstan unit

 
17 September 2014

VTB issues subordinated loan to Kazakhstan unit.

VTB Bank has extended a seven-year RUB 1 billion subordinated loan to its subsidiary VTB Bank (Kazakhstan).

The loan raises the Kazakhstan unit’s own capital up to 23 billion tenge. The increase in own (non-borrowed) resources will help the subsidiary continue lending to companies and individuals in line with its strategy for 2014-2016.


Tags:
lending

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