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VTB Group continues financing key sectors of Russian economy

13 July 2009

In 2009, in accordance with the instructions from the Russian Government, VTB Group continues to increase the volume of resources channeled into the Russian economy. In June, the Russian banks of VTB Group provided over RUB 82.5 billion in loans to corporate customers and households.

Vast resources were granted to trade companies – over RUB 7.6 billion, enterprises operating in construction and construction materials industry – over RUB 6.6 billion, power industry – over RUB 3.8 billion, metallurgy – over RUB 3.2 billion, chemical industry – about RUB 3 billion, nuclear industry – about RUB 2.9 billion, automotive industry – RUB 2.7 billion, oil and gas industry – RUB 2.2 billion. Federal and municipal authorities enjoyed active financial support, raising over RUB 2.3 billion, while defense and space industries received about RUB 4 .3 billion, and agribusiness got over RUB 2.5 billion. Small- and medium-sized customers were provided with new loans for over RUB 6.9 billion.

VTB Group also continued its socially oriented activity to finance households. In June 2009, individuals were granted loans totaling over RUB 18.5 billion, with mortgage accounting for over RUB 0.9 billion, and car lending for over RUB 2 billion.

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