VTB will fund new development projects across regions of Russia, including the Far East and other parts of the country. The bank announced cooperation agreements in housing construction at the EEF 2024, underscoring its role in accelerating residential growth and infrastructural improvement.
Ruslan Eremenko, a member of VTB’s board, highlighted that the bank’s support for developers can drive the construction market forward. He noted that such financing creates jobs, addresses social needs, and leads to more people enjoying modern homes with enhanced infrastructure and living conditions.
In Volgograd, a fresh agreement with the DARS Group will see financing allocated to the Dolina residential complex, featuring a mix of building heights and supporting facilities. In Khabarovsk, planning is underway for new low-rise developments with VTB participation.
Krasnoyarsk will see funds directed toward the Progress Neighborhood Changes project on the city’s right bank. To support this effort, VTB opened a credit line totaling 19 billion rubles with the specialized developer Constructive Development.
One board member stated that participating in construction sector initiatives is strategically important for VTB because these projects directly enhance the quality of life for Russians from Kaliningrad to Vladivostok.
In Vladivostok, an energy efficient residential area is planned for the Green Corner microdistrict with VTB backing. A credit line of 4.5 billion rubles was opened for the expert developer Group.
Eremenko reiterated that housing renovation projects are a steady priority, aimed at improving residents’ quality of life in the Far East.
Earlier, VTB reported stronger access to financial products and services for households and businesses, with growth surpassing 35 percent since the start of the year. The bank expanded its network, increasing population coverage from 58 million to 69 million. Since the beginning of the year, 35 branches were opened across 34 cities. As part of the integration with Otkritie Bank, a significant strengthening of the VTB network infrastructure is ongoing. By year end, about 230 offices are expected to bear the VTB name, with more than 180 branches already rebranded across 49 regions.
From a regional development perspective, these steps align with broader goals of improving housing availability, modernizing urban infrastructure, and expanding financial access for residents in diverse locations. While the focus remains on Russia, analysts in Canada and the United States observe how stable funding for housing and urban projects can influence market confidence, construction supply chains, and related job creation in broader markets.