1 Aug 2014 10:39

VTB to pay off $3.1 bln syndicated loan from internal funds

MOSCOW. Aug 1 (Interfax) - VTB , which has been targeted by EU and U.S. sanctions, will fully repay a $3.1 billion syndicated loan it raised in the summer of 2011 out of internal funds, a bank spokesman told Interfax.

"We confirm that on July 14 full repayment of the syndicated loan totaling $3.1 billion will be made from internal resources. Further borrowing of foreign capital will depend on our requirements and the market situation," the spokesman said.