According to the chamber, these banks in 2014, has sent a proposal for participation in the auction to attract commercial loans Bryansk region exceeds the key rate of the Bank of Russia 2.25% and 2.75%, respectively.
MOSCOW, 13 Jan. VTB Bank has not received from the court of auditors observations regarding the conditions of crediting of regional budgets in 2014, reported the Bank press service.
“The chamber did not show any claims against VTB under the terms of crediting of subjects of the Russian Federation”, — stated in a press release.
The accounting chamber Board on Tuesday reviewed the results of the verification of compliance with the conditions and procedure of forming the public debt of the subjects of the Russian Federation, held jointly with Control and accounting chambers of the Astrakhan and Bryansk oblasts. As noted in the message on the chamber’s website, “the test results showed that the JSC “Sberbank” and VTB group to make loans to the regions to Finance budget deficits were ignored recommendations of the Ministry of Finance of Russia in 2014 on the application of interest rates below the key rate of the Bank of Russia plus 1.25% per annum (at the time the key interest rate was 8% per annum)”.
According to the chamber, these banks in 2014, has sent a proposal for participation in the auction to attract commercial loans Bryansk region exceeds the key rate of the Bank of Russia 2.25% and 2.75%, respectively.
As noted in VTB, the recommendations at the maximum rate of crediting of subjects of the Russian Federation were fixed by the Protocol of the meeting of the Ministry of Finance only in March 2015. In addition, VTB did not participate in the auctions conducted by the Bryansk region.
“According to the inspection report of the accounting chamber dated 3 September 2015, weighted average interest rate on loans provided by VTB to the regions in 2014, did not change significantly in comparison with 2013 year and amounted to 8,93% per annum. All issued by VTB loans to regional budgets correspond to the recommendations of the Ministry of Finance and other regulatory authorities,” — said in a press release from the Bank.
