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VTB finances Kaluga Research Radio Engineering Institute

9 April 2010

VTB continues to develop cooperation with enterprises belonging to the Russian Technologies State Corporation. In late March 2010, VTB provided the Kaluga Research Radio Engineering Institute with a RUB 900 mln loan for a 3-year period to execute the state contract.

V.V. Lukyanenko, Member of VTB Management Board said: “We hope the funds will enable the Institute to successfully implement its current scientific and research tasks”.

The Institute has been actively cooperating with the Bank since 2009, and intends to continue using VTB Group financial products in the future.

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