OREANDA-NEWS. November 18, 2009. In October 2009, VTB Group Russian banks extended financing to corporate customers and households exceeding RUB 129 billion, reported the press-centre of VTB Bank.

JSC VTB Bank, the Parent Bank of VTB Group, provided Russian companies with loans amounting to RUB 81.3 billion. As of the end of October, VTB Bank “Lending to Economy” indicator, calculated under the Bank of Russia method, reached RUB 1,424.1 billion, which is a decrease of RUB 36.2 billion, or 2.5% against the beginning of the month.

The largest loans of VTB Group went to oil and gas industry (over RUB 10.0 billion), construction and construction material industry (over RUB 8.6 billion), retail companies (over RUB 7.9 billion), metallurgic industry (over RUB 7 billion), and coal and mineral resources industry (over RUB 3.7 billion).

Financial support was also provided to defense and space industries (over RUB 6.4 billion), as well as to agribusiness companies (more than RUB 4.3 billion). Mid-size and small businesses received new loans exceeding RUB 6 billion.

VTB Group continued its socially oriented activity aimed at supporting households, who, in October 2009, raised loans exceeding RUB 17.5 billion, including mortgage (more than RUB 0.7 billion), and car lending (over RUB 1.8 billion).