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VTB grants RUB 550 mln loan to Kuban wine producer

 
24 November 2015

VTB grants RUB 550 mln loan to Kuban wine producer © kuban-vino.ru

VTB Bank has signed two 1.5-year loan agreements worth 550 million roubles with Kuban Vino, part of Ariant Wine Holding. The company plans to use the funds for current operations and to refinance its debt to other banks.

“VTB provides significant volumes of funding to Russian food producers. The credit lines opened for companies affiliated with Ariant Wine Holding will not only facilitate its development but revive Russian winemaking traditions and ensure the sector’s further effective development as a whole,” Deputy President and Chairman of VTB Bank Management Board Mikhail Oseevskiy said.



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