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VTB loans backed by state guarantees

27 August 2009

VTB Bank has granted first loans to companies which in accordance with Instruction No.103 of the Russian Government as of 14.02.2009 were backed by state guarantees.   
The first RUB 2.9 billion tranche of the loan is extended to JSC KAMAZ (backed by a RUB 1.45 billion state guarantee), a RUB 1 billion loan – to JSC Sollers (RUB 500 million state guarantee), and a RUB 700 million loan – to JSC Sollers Naberezhnye Chelny (RUB 350 million state guarantee).  

VTB Bank intends to extend lending to its customers actively using state guarantees.

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