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VTB Entrepreneurs Granted Over 18 Billion Rubles of Salary Credits
In the crisis, entrepreneurs received from VTB more than 18 billion rubles of soft loans for salaries. Support is intended for more than 200 thousand employees of enterprises in affected sectors. Applications for another 10 billion rubles have been approved.
According to the press service of the bank, more than five thousand companies will receive assistance, which, according to the state program, will be able to repay the loan within 12 months. The first weather rate will be 0%, in the remaining period - 3,5%.
Entrepreneurs from affected sectors will be able to receive borrowed funds and to resume operations. VTB will start accepting applications from June 1 at 2% per annum. Deferrals may be granted on loans until December 1, 2020. If the state is retained by more than 80%, the state will pay off from 50% to 100% of the debt.