Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

VTB Signs Partnership Deal with European Investment Bank to Support SMEs
27.11.2013 08:24
VTB Signs Partnership Deal with European Investment Bank to Support SMEs
Photo Credit:

VTB Bank and the European Investment Bank team up to bolster support for SMEs, says the lender’s press release.

      The two institutions signed a framework loan agreement to expand small and medium business financing capabilities.

      According to the statement, the deal was signed by Deputy President and Chairman of the Management Board of VTB Bank Mr. Herbert Moos and Vice-President of the European Investment Bank Mr. Wilhelm Molterer.

      The agreement provides for multi-currency tranches of up to 10 years maturity and 18 months disbursement period to be available to medium- and small-sized enterprises.

      The European Investment Bank (EIB) is the European Union's nonprofit financial institution that has the EU mandate to provide long-term financing to the Eastern partner-countries (Ukraine, Moldova, Georgia, Armenia, Azerbaijan and Russia).

      VTB Bank is Russia’s second largest lender by assets. Classified as blue chips, VTB shares are among the most liquid on the Russian stock market. The Bank’s securities are traded on Russia’s joint MICEX-RTS Exchange and as global depository receipts on the London Stock Exchange under the VTBR ticker. The Russian government owns 60.9 percent of VTB Bank’s equity.

      VTB Bank is part of VTB Group, a global provider of financial services, that offers a complete range of financial services including retail, corporate and investment banking; broking and other stock-market services, insurance, asset management for pension and unit funds, leasing, and more. The services are available to clients in more than 20 countries across the CIS, Europe, Asia and Africa.


Author: Mikhail Vesely

Tags: VTB Group VTB Bank Russian banks   

Next Previous

You might also find interesting:

Pavel Durov Refused from External Investments in Telegram Offered by Western Funds
Inflow to Funds Investing in Russia Tripled in a Week

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russia  Petersburg Monuments  FIFA world cup 2018 tickets  Novokuybyshevsk  Lomonosov  Andrei Bitov  Russian music  Russian science  Russian scientists  Concerts in Moscow  the Moscow-river  Russian Nobel laureates  Yaroslavl   Arbitration Court  Ada Yakusheva  Russian Millionaires  Russian business  Rosatom  Moscow State University  Russian Cinema  Exhibitions in Moscow  Alexander Burganov  Mercedes-Benz Fashion Week Russia  Russian economy  Russian painters  Romanovs  comet  Russian beaches  Sergey Yesenin  Flying Saucer  Alyosha Popovich  Boris Nemtsov  Russian Music Instruments  Cancer  Mega-regulator  Moscow  Russian National Parks  St. Petersburg  Online Events for Free  book hotels in Russia  Russian education  migration in Russia  Aeroexpress  Ecotourism  Nikolai Batalov  Russian tourism  Central Bank  Minister of Economic Development  business  Federal Space Program 

Travel Blogs
Top Traveling Sites