Bank got a subordinated loan from Vnesheconombank
On August 21 Vnesheconombank granted a RUR 1,466 mln subordinated loan to Bank Saint-Petersburg.
In accordance with the Federal Law No 173-FZ the loan is due in 2014. The loan was approved by the Supervisory Board of Vnesheconombank in April 2009.
This subordinated loan will allow to increase the Bank’s capital. The proceeds will be used for providing loans to the priority industries of economy.