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: http://www.adme.ru

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:








Comment on our site


RSS   twitter      submit


Ïàðòåð


TAGS:
poll  Russian Orthodox Church  Russian hotels  Russian language  Kaluga  Kuban   Festivals of St. Petersburg  Republic of Altai  Konstantin Tsiolkovsky  The Olympic Games  Russian Cinema  children  Holland  the Crimea  Murmansk  Kolomenskoye  Primorsky Territory  Ufa  Mercedes-Benz Fashion Week Russia  human rights in Russia  Russian tourists  St. Petersburg  Film Festivals  North Caucasus  Russian tourism  Demidov Prize  Exhibitions in Moscow  Russian business  Moscow  Russian machine-building plants  Zyuratkul  Christianization of Russia  Avachinskaya Bay  Stay Home Online Events  Saransk  Russian FMCG market  Barnaul  Alexis of Russia  Pechory  Russian companies  Saint Petersburg  Andrei Rublev  Russian science  Isaak Schwartz  Russian scientists  Russian Animation  Kurgan Region  Russian economy  cognac  Zapadnaya Dvina 


Travel Blogs
Top Traveling Sites