“VTB for 9 months increased the volume of lending business in the Altai 1.4 times

Barnaul. 27 Oct. INTERFAX-SIBERIA – VTB Bank in January-September 2017 increased the volumes of crediting corporate clients in the Altai region by 43% compared to the same period last year to 7 billion rubles, the press service of the Bank of the SFO.

“VTB actively financed the enterprises and companies of the construction sector of real estate, agricultural processing, mining industry, large wholesalers and retailers,” reads the message.

In particular, among the most significant projects for which the Bank provided loan funds – funding for state contracts on construction of the Altai TB dispensary, a school for 550 pupils with a swimming pool, as well as the completion of the art Museum in Barnaul. Also funds are granted for the construction of the largest in the Urals Pavlovsky woodworking plant.

The volume of issued corporate sector loans is similar to the amount of attracted funds of over 7 billion roubles that more than in 2 times exceeds the same indicator for the 9 months of 2016.

“Best dynamics observed in money demand (an increase of 76%) and term liabilities (2.6 times). More deposited the funds of the company in the sphere of trade (share in the total portfolio of attraction – 32,6%), food industry (19.5 per cent), services (16%), manufacturing (16%),” – said the Bank.

At year-end, VTB plans to increase its loan portfolio in the Altai region by 15%.

To date, more than 500 companies in the region served by the Bank VTB.

VTB in the first half of 2017 took 2-nd place by assets in the ranking “Interfax-100” prepared “Interfax-TSEA”.

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