VTB assessed the impact of the key rate cut on business development

The reduction of the key interest rate by the Bank of Russia has a positive effect on the economy, as it entails a reduction in interest rates on loans for medium and small businesses by the largest banks in the Russian Federation. This will help the business to implement previously postponed investment plans. This was stated by Denis Bortnikov, Deputy President and Chairman of the VTB Management Board, as part of the launch of the Business Battle competition in Mordovia.

"The Bank of Russia consistently reduces the key rate, which affects the ability of businesses to attract financing and implement previously postponed investment plans. We are interested in further increasing the availability of bank financing, which has a positive impact on the sustainability of the Russian economy," said Denis Bortnikov.

As he noted, the reduction in rates for medium and small businesses in 2025, against the background of softening the PREP, reached 8.5% per annum.

The Business Battle competition brought together about 150 projects of entrepreneurs in various fields, including medicine, tourism, agriculture, and culture. 20 participants entered the full-time stage of the competition. They will be taught how to analyze the market, develop marketing strategies, and prepare business plans. The finalists present their ideas to experts, partners and sponsors.

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