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VTB issues more than 27 billion rubles in loans to small and medium businesses in Primorye - EastRussia | Far East

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VTB issues more than 27 billion rubles in loans to small and medium businesses in Primorye

Since the beginning of the year, VTB has financed 27 billion small and medium-sized businesses in Primorye Territory. This is on 6,5% more than the total nine month 2017 issue.

The Bank actively provided concessional financing under the 1706 Program, implemented jointly with the Ministry of Economic Development of Russia. This year, VTB in Primorye concluded several deals on it for 385 million rubles.

According to the press service of the bank, the credit and documentary portfolio of VTB in Primorye on October 1 reached 30 billion rubles, having increased from the beginning of the year by 2%. It grew most dynamically in the small and medium business segment - by 8%, to 26,8 billion rubles.

In the structure of the credit-documentary portfolio, the main part is made up of enterprises of the fishing industry - 45%, significant shares also in the processing industry - 14,5%, trade - 12% and transport industry - 11,5%.