Date: a month ago   Category: Economy

VTB signed the cooperation agreement with Chechnya — Rambler News Service


The chairman of the board of VTB Andrey Kostin and the Governor of Chechnya Ramzan Kadyrov signed the cooperation agreement between bank and the region, it is said in the statement of credit institution. "The document provides interaction of the parties in the sphere of development and implementation of projects on implementation of modern bank technologies and increase in availability of financial services, significant for economy of the Chechen Republic. Among them – the program of crediting and savings products and also development of infrastructure of service of cash cards. The parties also discussed the prospects of development of retail network of bank in the region, in particular, considered the possibility of opening of bank office in the city of Grozny" — it is specified in the message. During the meeting Kostin emphasized that VTB is ready to participate in projects, significant for the region, and also to provide to the population complex bank services. Kadyrov noted that the republic is ready to create good conditions for entry of VTB into Chechnya. The loan portfolio of the joint business of VTB in North Caucasus federal district since the beginning of year increased by 8% and following the results of 1 quarter 2019 exceeded 76.5 billion rubles. The portfolio of the raised funds of natural and legal entities reached 51 billion rubles.

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