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VTB lends to DIXY Group

6 April 2009

Striving to enhance cooperation with retail networks, VTB Bank starts financing the DIXY Group of Companies.

VTB management decided to set a RUB 1.5 billion credit limit on the Group with the opportunity to provide funds for a one year-period. The funds will be channeled into refinancing current debt and replenishing working capital.

Under the Governmental Program aimed at supporting retail networks, VTB actively lends to the key representatives of this industry. The volume of bids that VTB is considering now exceeds RUB 30 billion.

For reference:
DIXY Group is one of Russia's leading retailers of foodstuffs and everyday household supplies. The company runs 493 stores, including 460 DIXY discount stores, 13 Megamarkt Hypermarkets, 8 Minimarkt supermarkets and 12 VMart stores in 16 Russia's Federal Constituencies of three Federal Districts.

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