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VTB Bank finances the Adygean economy

12 October 2015

VTB Bank finances the Adygean economy.

VTB Bank has opened a RUB 1.5 billion credit line to the Republic of Adygea after winning a government tender.

The one-year loan will be used to partially cover the regional budget deficit and to finance the regional government’s social obligations.

“Adygea maintains a strong financial position and is a top tier region in terms of creditworthiness,” VTB Deputy President and Chairman of the Management Board Mikhail Oseevskiy said. “The bank is interested in expanding its business in Adygea and in financing the non-financial sectors of the economy.”


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