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VTB lends to SATURN-1

 
5 July 2011

© RIA Novosti, Sergey Venyavskii

VTB Branch in Stavropol has granted a RUB 275 million loan to SATURN −1 company. The funds will be channeled into the company’s current operations, including procurement of domestic grain for further processing.

SATURN −1 LLC is the first customer of VTB in the Republic of Ingushetia. Cooperation with the company was initiated in May 2011. SATURN −1 uses most of VTB services: cash and settlement services, automated bank-client system, foreign exchange and trade finance transactions, as well as bank deposits.

For reference:

SATURN −1 LLC has been operating since 1994. Its core business is production of wheat flour and sunflower oil. Being a large taxpayer, the company makes a large contribution to social and economic development of the Republic of Ingushetia.


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