VTB Bank has, for the first time, publicly disclosed who received loans under the government’s “Action Plan Aimed at Improving the Situation in the Financial Sector and Certain Branches of the Economy.” According to the bank, the funds went to ZAO ISK NBM (Moscow Region), ZAO Granitstroy (Moscow Region), companies in the Monolitholding group (Krasnoyarsk), and other firms. The total volume of lending was about 9 billion rubles. Real estate market participants find it hard to explain why such large loans were granted to little-known companies. The bank notes that priority was given to companies building economy-class apartment blocks. The total credit limits set by VTB for such companies exceed 33 billion rubles. In addition, the bank is considering financing apartment-building projects worth another roughly 14 billion rubles in total. *None of the experts interviewed by BFM.ru had ever previously heard the names of the companies that received VTB loans. The only major player in its region is Monolitholding (Krasnoyarsk Krai, a region in Siberia). The company is building Siberia’s first business activity zone, combining business, residential living, and leisure. *[\\\]({{URL_1}}) A friend of mine who works at an investment bank that’s still alive, for now, told me that to get money allocated for “saving the economy,” you have to pay kickbacks of up to 6% of the amount. Maybe he’s lying. But for some reason, I don’t think he is.
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