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VTB expands cooperation with Kristall Production Association

13 May 2013


VTB Bank has set up a credit limit of 4 billion roubles for Kristall Production Association. The company will use  the funds to finance its current operations. Under the terms of the agreement, the company can be granted lines of credit for terms of up to one and two years in amounts corresponding to its stated needs.

Sergey Grigoryev, head of the Directorate for Cooperation with Major Clients of VTB Bank’s Northwestern Regional Centre, said: “Kristall Production Association has been our customer for more than 10 years and has proved to be a reliable partner with an impeccable credit history. The new facility is yet another confirmation of the productiveness of our cooperation.”

Founded in 1963, Open Joint-Stock Company Kristall Production Association specialises in diamond cutting and wholesale and retail trading in cut diamonds and jewellery. The company is the largest producer of cut diamonds in Russia and one of the largest producers in Europe. It is included in lists of Russia's strategic core businesses.


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