JSC VTB Bank continues building up resources to support the Russian real economy. This June, VTB Branch in Vladimir provided a RUB 200 mln 2-year loan to CJSC “Starodvorskye Kolbasy” (Old Court Sausages) within the credit limit set for the company. The total volume of credit facilities provided to the company has presently reached RUB 300 mln.
VTB Bank and “Starodvorskye Kolbasy” have been developing close partnership relations since 2008, always meeting their liabilities in full and on a timely basis. The company, together with VTB24 is also implementing a corporate lending program for its employees.
Citing Nikolay Ustinov, VTB Bank Senior Vice President, “VTB is interested in developing a long-term and mutually reinforcing cooperation with its partners, and is willing to offer all modern banking products and services to companies of food and other industries. We hope that deriving benefit from cooperation with the Bank, “Starodvorskye Kolbasy” will gain a stable financial platform for its further robust growth.”
Being a member of ABI Group, CJSC “Starodvorskye Kolbasy” is a modern meat-processing company established in 2003 in Vladimir. The company uses European leading-edge equipment and machinery meeting the ISO requirements and based on the recent research in environmental science and meat safety.
Today, “Starodvorskye Kolbasy” is among the top five companies in Russia in terms of meat output, and is one of the fastest growing enterprises in the meat industry of the Central Russia. The trade mark range of products includes more than 60 product names and is in high demand in more than 38 regions of Russia. Currently, the company produces about 130 tons of meat products a day.