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VTB doubles corporate loan portfolio in Yakutia - EastRussia | Far East

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VTB doubles loan portfolio of legal entities in Yakutia

In the first nine months of 2018, VTB doubled its corporate loan portfolio in Yakutia. On October 1, it amounted to 20,3 billion rubles, of which 18,7 billion rubles are loans to medium and small businesses.

Almost half of the portfolio is formed by enterprises of key industries for the region: the jewelry industry and the mining of precious metals. According to the press service of the bank, significant shares of transport companies - 19%, utilities - 16% and the construction industry - 9%. The portfolio of attracted funds of corporate clients of the bank in the region has grown almost 1,5 times since the beginning of the year and exceeded 1 billion rubles by October 20.

“This year we have financed Yakutia’s enterprises for five billion rubles. After making changes to the "1706 Program", implemented jointly with the Ministry of Economic Development of the Russian Federation, the possibilities of small and medium-sized businesses in the region for the modernization and development of industries have expanded. This year, we have concluded seven deals for 279 million rubles under this program, ”said Peter Ptitsyn, head of VTB corporate business in Yakutia.