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:

The Number of Individual Entrepreneurs in Russia has Exceeded the Number of Companies
The AliExpress and Tmall Plan to Sell Limited Collections of Russian Designers
The Level of Competition in Russia Increased for the First Time during Four Years
Russian Barista Robot Attracted More Investments
Gasoline Prices will Keep on Growing in 2019

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian regions  Alexei Popogrebsky  Russian business  Monuments in Moscow  Moscow  Russian tourism  music  Pyotr Semenov-Tian Shansky  Novosibirsk  travel to Russia  Experimentanium Museum  Vologda region  Karelia   Film Festival  Spacecrafts  Olga Vilshenko  Adygea  Architecture Monuments  Moscow Museum of Modern Art  Graphic Art  Artplay Design Centre  RFID  Andrey Zvyagintsev  Concerts in Moscow  Film Prizes  St. Petersburg  Mercedes-Benz Fashion Week Russia  Russian winter  Altai Territory  Russian reporters  Peru  Russias Central Ban  Voronezh Architecture  Russian Rock  Vladimir Dashkevich  Tractor  Amur Region  Primorsky Territory  Exhibitions in Moscow  English National Opera  the Urals region  Tsaritsyno State museum  Russian Cinema  Russian psychology  Festivals in Moscow  tax reform  Kaliningrad  Kirill Mamonov  International Johann Bach Festival   Fires 

Travel Blogs
Top Traveling Sites