OREANDA-NEWS. December 12, 2012. As a result of winning the auctions held by the Omsk Region’s authorities, VTB has concluded eight loan agreements to supplement the regional budget with a total of RUB 3.52 billion, reported the press-centre of VTB.

The borrowed funds will be used to finance the most significant budget expenses of the Omsk Region, in order to ensure its social stability.

"VTB traditionally cooperates actively with the governments of federal members, and with municipal authorities. The bank’s long-standing cooperation with the Omsk Region’s government is helpful in addressing Siberia’s most essential economic, social and financial issues".
Valery Lukyanenko, Member of VTB Bank Management Board