VTB Bank fuels Russia's tourism boom with record 62.4 billion ruble loans
VTB Bank has significantly expanded its support for Russia’s tourism sector. By the first quarter of 2026, its loan portfolio for tourism projects reached 62.4 billion rubles—a 94% increase from the previous year. The bank’s financing has helped launch 59 new tourism initiatives across the country. The growth comes largely through Program No. 141, which offers preferential loans for tourism infrastructure. These funds cover hotel complexes, transport links, and related services. In 2025 alone, VTB’s lending under this programme rose by 74%, reaching 26.5 billion rubles.
The Far East has emerged as a key region for development. It now accounts for nearly 10% of Program No. 141’s total portfolio. In Primorye, VTB has already financed projects worth 840 million rubles since early 2026. With 59 projects completed and billions invested, VTB’s efforts are reshaping Russia’s tourism landscape. The bank’s focus on the Far East and preferential financing continues to drive expansion in the sector. Further growth is expected as more regions tap into these funding opportunities.
