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VTB enhances cooperation with Kaliningrad аdministration

30 May 2011

© RIA Novosti.Igor Zarembo

VTB Bank has won electronic tender held by Kaliningrad аdministration to enter into municipal contracts to lend to the city budget.

VTB and city аdministration signed RUB 700 million contracts in Kaliningrad.

Funds will be channeled into major Kaliningrad budget cost items for social stability of the city.

Citing Valery Lukyanenko, Member of VTB Bank Management Board, “VTB is traditionally cooperating with administrations of constituents and municipal entities of the Russian Federation, helping the regions successfully deal with economic, social and financial challenges.

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