VTB Bank is going to sign the credit contracts with Leningrad reg.
administration, the Bank informed. 2bn rub. are to be released for 3 years and 900mln rub. - for 2 years. The raised funds will be spent on the coverage of the debts and budget deficit.
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