VTB launched business lending under the preferential program of the Ministry of Industry and Trade

Entrepreneurs can receive funds for the purchase of domestic machinery and equipment at a rate of up to 5% per annum and for a period of up to five years.

VTB Bank's corporate clients have access to a new concessional lending program. It is being implemented jointly with the Ministry of Industry and Trade of the Russian Federation in accordance with the decree of the Government of the Russian Federation dated 17 February 2018 city No. 163 (Resolution no. 163).

Entrepreneurs can obtain borrowed funds for the purchase of agricultural, road construction and municipal machinery, as well as equipment for the food and processing industry of domestic production at a rate of up to 5%. The loan term is five years.

«VTB offers medium and small businesses some of the most attractive terms of cooperation on the market, and our bank's participation in a large number of government programs opens up additional opportunities for obtaining preferential lending rates. Resolution no. 163 It allows enterprises to take advantage of a low rate and stimulates the sale of industrial machinery manufactured in Russia.», — said the Deputy President — Chairman of the Board of VTB Bank Denis Bortnikov.

During the pilot launch of the preferential program, VTB has already lent more than 125 million rubles. So, OOO «Agro-estimates» received in Stavropol 2,4 million rubles for five years for the purchase of new Russian-made agricultural machinery, LLC «Empireamox» in Kemerovo — 19,4 million rubles for three years for the purchase of new domestic bakery equipment, IP Voronin I. K. in Omsk — 89,1 million rubles for five years for the acquisition 25 units of Russian-made road construction equipment.