JSC VTB Bank won the electronic tender held by the Petropavlovsk-Kamchatsky Administration to enter into municipal contracts to lend to the City budget.
As a result of the tender, VTB Bank Branch in Petropavlovsk-Kamchatsky and the City Administration signed contracts totaling RUB 100 mln. Thus, the volume of VTB funding to the City budget will increase to RUB 430 mln.
The Bank and the Petropavlovsk-Kamchatsky Administration have been developing mutually rewarding cooperation since 2004. And it’s not the first time VTB Bank has won open tenders to provide loan facilities to the City budget.
Citing Valery Lukyanenko, Member of VTB Bank Management Board, “the Bank places a special emphasis on cooperation with the municipal entities and constituents of the Russian Federation, thus helping the regions successfully meet social challenges”.