15 August 2011, Monday, 15:13

VTB Bank’s Ufa division credits the largest milk producer in Bashkortostan

author: Sergey Zakharov

The Ufa division of VTB Bank gave the credit at the rate of 50 million rubles for one year to one of the leaders in the milk market of Bashkortostan – JSC “ALLAT”.

This is just the first transfer of the credit limit at 100 million rubles, set by the bank. The credit will be spent for replenishment of the company’s floating assets and for milk purchases from population.

The company works with VTB during already four years. For this time the bank has given four credits to the client. All credits have been repaid in time and in full volume.

The holding company “ALLAT” was established on April 30, 2009 as a result of the merger of JSC “STERLITAMACSKY Milk Factory” with the Trade House “ALLAT” and of JSC “NEFTEKAMSKY Milk Factory”.

The director of VTB Ufa division Alexei Samsonov says that “I am happy to see this solid big production enterprise in the list of our permanent clients and we are always ready to offer individual and very attractive conditions for cooperation to this company”.

themes: banks