OREANDA-NEWS. May 22, 2013. Following a number of open auctions, VTB Bank will sign six state contracts for credit services with the Ministry of Finance of the Republic of Karelia.

The result of VTB winning the auctions is a total sum of contracts worth 1.1 billion roubles.

The borrowed funds in the form of revolving credit lines will be provided for the term ranging from 18 to 36 months and be used for financing the republic's budget.