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VTB enhances cooperation with Rive Gauche Group

6 July 2011

VTB enhances cooperation with Rive Gauche Group.

Striving to enhance Cooperation between VTB Group and Rive Gauche Group, the North-West Regional Center of VTB Bank has set a new credit limit for Aroma Lux LLC (a member of Rive Gauche Group) amounting to RUR 2,700 mln, for the period up to mid-2014.

The funds will be used to replenish the working capital of the company.

For reference:

Rive Gauche Group has been active since 1995. The company is mainly engaged in the wholesale and retail trade in perfumery and cosmetic goods through the chain of stores Rive Gauche and Gourmandises. Rive Gauche is the French for 'Left Bank' (referring to the Seine). In Paris it is the most prestigious and fashionable quarter of the city. Gourmandises is to be understood as 'variety of little pleasures'. The chain store system Gourmandises is a relatively new specialty of the Group related to the retail trade not only in perfumery and cosmetics, but also in household chemicals, home products, underwear, and hosiery.

The North-West Regional Center of JSC VTB Bank was established on the basis of the Head office of VTB Bank North-West. The Center is in charge of developing VTB Group business with corporate customers in the Northwest of Russia and supervises VTB Bank branches located in St.-Petersburg as well as Leningrad, Arkhangelsk, Vologda, Pskov, Kaliningrad, Novgorod, Murmansk, Kirov regions, Republics of Komi and Karelia.

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