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VTB lends to Maisky Innovative Production Complex

6 July 2011

© RIA Novosti, Sergey Venyavsky

JSC VTB Branch in Stavropol opened a RUB 480 mln credit line for 12 months to the Russian largest producer and supplier of molasses-based alcohol. The proceeds will be used to buy the raw materials to fully use production capacities of the Complex.

Besides lending, Maisky Innovative Production Complex also uses cash and settlement services offered by the Bank and its remote banking system.

For reference:

MaiskyInnovativeProductionComplexproducesethylalcoholout of fermentedrawmaterials (molasses), perfumeandcosmetics. Itisalsoengagedinretailsaleofperfumeandcosmetics, aswellasotherchemicals. TheComplexreproducesfishandwaterresources.

Being a large tax payer, the Complex contributes a lot to the social and economic development of the Republic of Kabardino-Balkaria.

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