JSC VTB Bank has set a RUB 4 bln credit limit to R-Pharm Company which is one of the leading pharmaceutical holdings in Russia. The funds provided within the limit will be used to finance the company’s currency activities.
Citing Yuri Soloviev, First Deputy President-Chairman of VTB Bank Management Board, “The pharmaceutical industry has a huge growth potential and is of strategic importance for the social and economic development of the country. Having set partnership relations with the recognized leader of the industry, R-Pharm Holding, we consider it a success in implementing VTB plans to develop cooperation with pharmaceutical companies.”
CJAC R-Pharm is a Russian pharmaceutical company established in Moscow in 2001. Within the scope of the company are: research and development, manufacturing, marketing and wholesale deliveries of pharmaceuticals to the hospital sector. In 2010, thecompany’sturnoverreachedUSD 1.3 bln.