The FINANCIAL — Acting within the State Retail Chain Support Program, VTB Bank is ready to finance X5 Retail Group N.V. – the largest retail company in Russia in terms of sales.
VTB Bank has made a decision to set a RUB 7 billion credit limit for an eighteen month period for X5 Retail Group. The Company plans to channel the funds into replenishing its working capital.
Presently, VTB has a pipeline of finance requests from leading trade enterprises totally exceeding RUB 30 billion.
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