VTB Bank has approved a certificated credit of RUB 1 billion for Faradei, a Russian manufacturer of military, field and active leisure footwear.
Faradei will use the money to finance its operations, tender bids and as security under contracts.
“VTB has been working with Faradei, a leading manufacturer in the Tambov Region, for over a year,” said Mikhail Oseevskiy, Deputy President and Chairman of VTB Bank Management Board. “I’m sure that our cooperation will continue to benefit not only our companies but also the region in general.”
Faradei was established in 1996 and manufactures military, field and leisure (including active leisure) footwear, men’s and women’s formal shoes and branded footwear for extreme weather conditions. It upgrades its production capabilities every year to be able to fulfil the most complicated contracts and to manufacture footwear that meets the strictest requirements.