T-Bank will provide 500 million rubles to the Yuzhno-Sakhalinsk administration

Following the results of the open auction, T-Bank will provide the Department of Finance of the Yuzhno-Sakhalinsk city Administration with loan funds in the amount of 500 million rubles. This is stated in the message of the bank.

A credit line has been opened for a period of 1 year. The funds are intended to finance the budget deficit and repay the city's debt obligations.

T-Bank, formerly known as Tinkoff Bank, is a Russian commercial bank based in Moscow and founded by Oleg Tinkov in 2006. The bank has no branches and is considered a non-bank. Tinkoff Bank was officially renamed T-Bank on June 5, 2024. All major services now operate under new names: T-Bank, T-Investments, T-Mobile, etc.