Moscow, December 26, 2011. – We are happy to announce that the Moscow School of Management SKOLKOVO and VTB24 launch a new project of credit extension to cover the payment of one of the School’s core academic programmes, MBA or Executive MBA.

Within the project the following credit conditions are foreseen: interest rate – from 10 to 14% per year (the rate depends on the first payment amount and guarantee availability); the minimum sum is 750 thousand rubles, the maximum one is 3,6 million rubles. Duration of a credit granting is from 3 to 5 years.

Vladimir Ismailov, CFF of the Moscow School of Management SKOLKOVO, comments, “The SKOLKOVO MBA and Executive MBA programmes are aimed at leaders of the future, at ambitious entrepreneurs. For sure, it is important for us that the studying conditions including the financial ones would be convenient and appealing for our entrants and students. We expect this credit proposal which is one of the most advantageous on the market of educational services today to attract even more bright entrepreneurs to the SKOLKOVO business-school academic programmes”.

The VTB24 credit is available for the citizens of the Russian Federation aged from 25 to 50 (at the moment of the credit repayment) whose job tenure is not less than 1 year and who have presented their passport and a document that confirms their income during the last 6 months. The VTB24 product is characterized with a lower interest rate than a general loan; moreover a borrower gets an additional 10% discount from the programme price in case the whole sum is paid at a time.

A takeoff for the credit granting is not collected.