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VTB enhances cooperation with the Government of the Amur Region

 
4 July 2011

© RIA Novosti, Aleksandr Babushkin

Under the contracts entered into for the total amount of RUB 6.2 bln, JSC VTB Bank branch in Blagoveshchensk has provided the Amur Region Government with RUB 400 mln credit facilities for 12 months.

The funds raised have been channeled into covering the primary items in the regional budget guaranteeing social stability in the region.

Citing Valery Lukyanenko, Member of VTB Bank Management Board, “VTB is set to further develop cooperation with the Amur Region Government, which is in line with VTB strategy aimed at supporting Russian regions and enhancing mutually rewarding financial and economic relations between the Bank and the Russian constituencies.” 

Tags:
VTB Bank, lending

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