VTB enhances cooperation with Nizhny Novgorod Region Finance Ministry
The five revolving credit lines will be available for one year.
In August, the bank won an additional three auctions held by the regional Ministry of Finance, for a total of RUB 3 billion in loans. The contracts concluded between VTB and the Nizhny Novgorod Region in 2015 therefore total RUB 8 billion.
«VTB’s longstanding cooperation with Russian regions involves providing active assistance to deal with a wide range of financial issues. I hope that the financing we provide to Nizhny Novgorod Region budget will have a positive impact on the further economic development of one of the country’s largest regions.». - Mikhail Oseevskiy, VTB Deputy President and Chairman of the Management Board.