Rustam Minnikhanov: Cooperation with VTB facilitates Tatarstan to become one of the most powerful regions in the country

An Agreement on cooperation between Tatarstan Government and VTB group aimed at creating favorable conditions for development of mutually beneficial partnership was signed today in RT Cabinet.

Tatarstan President Rustam Minnikhanov held official meeting with President, Chairman of VTB Board Andrey Kostin.

“We are going to enter new level of cooperation. We see your bank is seriously developing. Today it is one of the leading banks in the country”, Rustam Minnikhanov said.

President of Republic told about projects being realized in Tatarstan and shared plans for the future.

“We count on development of small and medium-size business, intend to create new economic segment – IT-sector. We already have one technopark, the second is being constructed in Naberezhnye Chelny. There is an idea to create IT-megapolis. We are seriously cooperating with Rosnano, thus many projects will be connected with nanoindustry. I am sure your arrival and discussion of agreements will let Tatarstan become one of the most powerful regions in our country, and you will maintain and consolidate your positions as a leading banking structure”, the President said.

Andrey Kostin said VTB group has always faced understanding on the part of the region’s leadership without having any obstacles for business development. “We are working in 20 countries, and we have 85 % of income in Russia. In this respect Tatarstan is the example of stable economic development”, he stated.

The signed agreement stipulates possible participation of VTB bank in realization of investment and target regional programs, projects on supporting Tatarstan industrial complex, and measures aimed at implementation of modern banking technologies and formation of securities market of Republic.

Within the confines of reached agreements VTB and RT Government will cooperate in realization of priority projects in the sphere of housing and communal services, health care, fuel and energy facilities, infrastructure construction.

VTB group plans to participate in development of the system of crediting companies working on the territory of Tatarstan, including regional programs on supporting small and medium-size business, implement non-cash payment forms on salaries using banking cards.

According to Andrey Kostin areas of cooperation are already selected, but funding and concrete projects will be defined later.