Rus News Journal

VTB and the Penza region have agreed about cooperation

Vneshtorgbank (VTB) and the government of the Penza region have signed the cooperation agreement directed on strengthening and development of long-term mutually advantageous relations, have informed in a press - service of the regional government.
the agreement provides possibility of crediting by bank of the organisations which are carrying out significant for economy of region projects, and also service of the centralised financial resources and realisation of calculations during realisation of regional programs.
in a press - service have underlined that besides standard bank service cooperation of the parties will include interaction at realisation of investment projects on development of small, average business and business support.
we will notice that work in regions Russian Federations - one of strategic directions of Vneshtorgbanka. Cooperation with the Penza region - only a strategy special case. In August the agreement with the Ministry of regional development of the Russian Federation (Minregionrazvitija) has been signed. The document assumes cooperation within the limits of the national project Accessible and comfortable habitation - to citizens of Russia . Minregionrazvitija intend to involve VTB as the financial adviser concerning realisation of the national project and to use possibilities of group VTB for financing of investment projects and programs within the limits of the national project.
to group VTB, the parent company and which basic unit is Vneshtorgbank, four more banks to Russia, banks in Armenia, Austria, in Cyprus, in Georgia, Switzerland and in Ukraine belong.
the group renders bank services basically to the Russian corporations, the enterprises of small and average business and clients - to physical persons. The group has in the country about 200 branches and branches.
group Vneshtorgbanka net profit (VTB) under the international standards of the financial reporting in I quarter 2006. In comparison with I quarter 2005. Has increased by 398,5 % - to 334 million dollars On it it is informed in the bank report. Bank actives for I quarter 2006. Have increased by 11,1 % - to 40,8 mlrd dollars the Credit portfolio minus reserves has on security grown on 5,2 % - to 20,963 mlrd dollars