VTB hopes to reduce the rate on the loan VEB

President Andrei Kostin, VTB has calculated that soon he will be able to resolve the question of lowering the bank rate on subordinated loan. The loan - 200 million rubles - VTB received from VEB. The head of Russia's second largest bank said today in an interview with Kommersant. Recently there was information that Costin at a meeting with Prime Minister Vladimir Putin said he expects to reduce rates by 1.5 percentage points from the current 8% annual interest on subordinated loan issued for 11 years. As announced on April 20, Vice Premier, Finance Minister Alexei Kudrin, the Russian government against reducing rates on subordinated loans to Russian banks VEB of the National Welfare Fund (NWF) as part of crisis management support. At the same time, the head of the Bank of Russia Sergei Ignatiev in late May, took a more cautious stance, saying that the central bank is not against the slight decline in interest rates on subordinated loans to banks, and draws attention to the fact that the yield on them should be comparable with the yield on government borrowing in rubles. "I think that the situation should be resolved in the coming weeks. We must reach a consensus. Well, if you do not arrive, the subject should just forget and move on. This is not the most vital issue for us," - said Costin edition. "The position of leadership of our country lies in the fact that banks have tried to provide more cheap money into the economy, which is absolutely correct. Industrial growth without the infusion of relatively cheap money in the economy is impossible. That's why today we have drastically reduced the cost of our lending. This rate is for us to subordam which was installed in a crisis, has become quite expensive. The market has changed, and perhaps it makes sense to somehow adjust and the cost of credit. But personally I do not expect a sharp decrease in the rate, "- said Kostin. According Kostik, the bank is not going to soon return the loan. Recall that the largest loan in the crisis was the Savings Bank - 500 billion rubles. Last week he returned to 200 billion rubles of this amount. The second-largest state aid received VTB - at 200 billion rubles. In addition, state subordinated loans were provided to Gazprombank, Bank of Moscow and Russian Agricultural Bank, as well as a number of private banks, totaling over 400 billion rubles.