OREANDA-NEWS. December 19, 2011. VTB Bank North-West Regional Center has entered into a contract with the Novgorod Region Administration to provide RUB 700 million credit facilities for eighteen months. The funds are to be used to cover budget deficit of the Novgorod Region, reported the press-centre of VTB Bank.

JSC VTB Bank has maintained close cooperation with enterprises and municipal institutions of the Novgorod Region. This February, the Bank and the Novgorod Region Administration signed a Cooperation Agreement aimed at further developing the economic and investment potential of the Region.

For reference:
JSC VTB Bank North-West Regional Center (VTB Bank NWRC) was established on the basis of VTB Bank North-West Head Office and is now in charge of VTB Group business development with corporate customers in the North-West of Russia, while supervising VTB Bank branches in St.Petersburg, regions of Leningrad, Arkhangelsk, Vologda, Pskov, Kaliningrad, Novgorod, Murmansk and Kirov, as well as in Republics of Komi and Karelia.