VTB Group Continues to Finance Key Spheres of Russian Economy
OREANDA-NEWS. May 25, 2009. In early 2009, in accordance with the instructions from the Russian Government, VTB Group continued to increase the volume of resources channeled into the Russian economy, reported the press-centre of VTB Group.
In April, the Russian banks of VTB Group provided over RUB 144 billion in loans to corporate customers and households.
Vast resources were granted to companies operating in telecommunication industry – over RUB 67 billion, construction and construction materials industry – over RUB 8.6 billion, oil and gas complex – over RUB 7.3 billion, trade companies over RUB 4.8 billion, transport enterprises over RUB 3.6 billion, and electric power industry – over RUB 3.4 billion. Federal and municipal authorities enjoyed active financial support, raising over RUB 1.3 billion, defense and space industries received over RUB 8 billion, and agribusiness – over RUB 2.9 billion. Small- and medium-sized customers were provided with new loans exceeding RUB 6.4 billion.
VTB Group also continued its socially oriented activity to finance households. In April 2009 individuals raised loans totaling over RUB 18 billion, with mortgage loans exceeding RUB 1 billion, and auto loans – RUB 1.8 billion.
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