Monday, December 29, 2014

Ministry of Finance of the Russian Federation entrusted in 2014 to place in VTB 30-year-old deposit – RIA Novosti

Ministry of Finance of the Russian Federation entrusted in 2014 to place in VTB 30-year-old deposit – RIA Novosti

MOSCOW, December 30 – RIA Novosti. The federal government has instructed the Ministry of Finance in 2014 to place a 30-year subordinated loan of 100 billion rubles from the National Welfare Fund VTB Bank at the rate of “inflation + 1% “.

Managing VTB Bank in Rostov-on-Don, Yuri Avdeev

© Photo courtesy of the press service of VTB Bank

The corresponding order placed on the website of the Cabinet on Tuesday.

The law on the allocation of banks to 10% of the FNB to finance infrastructure projects previously approved by the Board Federation. VTB has already requested 250 billion rubles in subordinated loans from FNB, Gazprombank was considered to provide funds amounting to 100 billion rubles.

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