OREANDA-NEWS.  September 11, 2013. VTB Bank has won several government contracts in open tenders to provide financing to the Leningrad Region.

The bank will provide credit facilities totaling RUB 2 billion to the region. They include RUB 1.1 billion for a term of three years and RUB 900 million for two years.

The funds will be provided in the form of non-revolving credit lines and will be used to finance the budget deficit and service the regional government debt.