VTB will receive 100 billion rubles from the national wealth Fund

VTB will receive 100 billion rubles from the national wealth Fund100 billion rubles from the national welfare Fund will be posted on subordinated deposits Bank VTB. The decision approved by the Russian government, the correspondent ."In order to avoid the increased cost of funds of the NWF and control over their use is a requirement of the Treaty provisions on the allocation of funds at an interest rate equal to the interest rate on the subordinated Deposit, on which are placed the funds of the NWF (inflation plus 1% per annum), and the obligation of the Bank to provide the Ministry of Finance quarterly information about the direction to projects funds raised on a subordinated Deposit", - stated in the decree of the Cabinet.Earlier, VTB asked to allocate 250 billion rubles from the Fund to the recapitalization.



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