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VTB doubled the issuance of soft loans under the 1764 Program
VTB doubled the issuance of concessional loans by the end of 2020. In total, more than 1764 thousand loans for 2,7 billion rubles were issued under the program of lending to small and medium-sized businesses No. 192.
According to the bank's press service, now every fifth loan under the program is issued by VTB. At the end of 2020, the bank's share in the total volume of loans in the country amounted to 21%, having increased by 2 pp.
The loan portfolio under the program at VTB grew 2,3 times and amounted to 1 billion rubles as of January 160. Most often, the bank received loans from manufacturing enterprises in construction, lease, trade and other areas of business. In terms of the volume of loans issued, the leaders are Moscow and the region, St. Petersburg, Tatarstan, the Voronezh region. Among the Far Eastern regions, Kamchatka Territory is among the leaders.
According to Denis Bortnikov, Deputy President and Chairman of the Management Board of VTB Bank, the program is now in demand. In addition, he noted that about 53% of loans are investment loans.
Now business representatives have begun to apply for loans under the new terms of the program. The rate will be 7%. In one of the lending areas, the maximum loan amount can be two billion rubles.