OREANDA-NEWS. October 19, 2009. In 2009 VTB Group acting under the instruction of the Russian Government continued to increase the volume of resources channeled into the Russian economy. In September the Russian banks of VTB Group provided over RUB 226 billion in loans to corporate customers and households, reported the press-centre of VTB Bank.       

JSC VTB Bank, the Parent Bank of VTB Group, provided Russian companies with loans amounting to RUB 202.2 billion. As of the end of September, VTB Bank “Lending to Economy” indicator, calculated under the Bank of Russia method, reached RUB 1,460.3 billion, which is an increase of RUB 40.9 billion, or 2.9% against the beginning of the month.

The largest loans of VTB Group went to construction and construction material industry (over RUB 23 billion), the metallurgic industry (over RUB 15.9 billion), oil and gas industry (over RUB 14.0 billion), retail companies (over RUB 8.1 billion), and coal and mineral resources industry (over RUB 6.0 billion).

Financial support was also provided to defense and space industries (over RUB 17.1 billion), as well as to agribusiness companies (more than RUB 5.4 billion). Mid-size and small businesses received new loans exceeding RUB 8.6 billion.

VTB Group continued its socially oriented activity aimed at supporting households, who, in September 2009, raised loans exceeding RUB 17.4 billion, with more than RUB 0.6 billion accounting for mortgage lending, and more than RUB 1.8 billion for car lending.