VTB Bank released the credit in the volume of 563mln rub. to the administration of Orel city, the Bank informed.
The credit contract is worth 663mln rub. in total. It is provided for one year. The funds will be spent to cover the budget deficit and debts.
VTB Bank (TIN 7702070139) is ranked as the second bank in Russia by the assets volume. The network of the Group in June 2010 covered 935 offices in Russia, CIS and Europe including 480 offices of VTB-24.
The Group keeps 12 subs in CIS (Armenia, Belarus, Kazakhstan, Azerbaidjan, Ukraine); in Europe (Austria, Cyprus, Germany, France, Great Britain); in Georgia, Africa (Angola) and representations in Italy, China, and Kirgizia.
The IQ 2013 net profit (IAS) declined 32.6% to 15.7bn rub. from 23.3bn rub. prior year; net interest rose 36.7% to 73.8bn rub. from 54bn rub.; operating revenues declined 2.6% to 92.9bn rub.
"AK&M", 13:32, 03.09.2013 1251 AKM,BNK