The North-West Regional Center of JSC VTB Bank has increased credit limit to JSC Arkhangelsk Pulp and Paper Mill (PPM) and its group of related borrowers from RUB1.59 bln to RUB1.79 bln for 22 months.
Under an individual credit limit, RUB400 mln will be provided to Lesozavod 25, the largest sawmill in the North-West of Russia. The loan will be used to finance the company’s current business activities.
The Mill was founded in 1940.
Its major business line is production of pulp and paper. The Mill is one of the largest manufacturers of board, packaging, pulp and notebooks. Besides, the company offers accompanying products, services in fuel and energy resources, sewage treatment and others.
The North-West Regional Center of JSC VTB Bank (VTB Bank NWRC)
VTB Bank NWRC was created on the basis of VTB Bank North-West. The Regional Center is in charge of VTB Group corporate business development in the North-West of Russia, and supervises VTB Bank branches located in St.Petersburg, as well as Leningrad, Arkhangelsk, Vologda, Pskov, Kaliningrad, Novgorod, Murmansk, and Kirov Regions, Republics of Komi and Karelia.
More detailed information is available at: www.szrc.vtb.ru