OREANDA-NEWS. April 18, 2013. VTB Bank has won six government contracts to provide RUB 1.1 billion in loans to the budget of Karelia in open auctions organised by the local government.

The funding will be extended as non-revolving credit lines, including RUB 300 million for 18 months, RUB 400 million for two years and RUB 400 million for three years.

The borrowed funds will be used to finance the regional budget deficit.