Russia VTB says paid off $3.1 bln syndicated loan this month

MOSCOW Fri Aug 1, 2014 2:01am EDT

MOSCOW Aug 1 (Reuters) - Russia's second largest bank, VTB said on Friday it had paid off a $3.1 billion syndicated loan with its own funds earlier this month, before it was hit by Western sanctions.

"We confirm that on July 14 a syndicated loan for the amount of $3.1 billion was paid off with our own funds," it said in a statement. (Reporting by Alexander Winning, editing by Elizabeth Piper)