Friday, January 16, 2009

VTB in 2009 will increase the loan portfolio in the third.

The loan portfolio of the State Bank VTB in 2009 will grow by at least 33 percent. This was stated by the President-Chairman of the VTB Andrey Kostin, Interfax reports. According to Kostin, VTB is going to become a center for the redistribution of financial resources, and actively lend to the real economy.
Kostin said that VTB intends to focus on working with goskorporatsiyami as in this case, you can ensure control over expenditures. To this end, the bank even opened a specialized center.
Corporate credit portfolio of VTB in 2008 grew by 86 percent to 1.5 trillion rubles. Previously, it was reported that in 2008 net profit VTB has reached the mark in the 26.3 billion rubles, which is 46 percent more than in 2007.
VTB is one of the backbone of Russian banks, which the State has agreed to allocate budget funds to overcome the financial crisis in the economy and lending to smaller financial institutions, as well as the real economy. In addition to VTB funds allocated to Sberbank, Gazprombank and Vnesheconombank.
More than 75 percent of the shares owned by VTB State. By assets VTB ranks second in Russia after Sberbank. In doing so, VTB is not only in Russia but also in some CIS countries.

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