The FINANCIAL — Striving to enhance cooperation with retail networks, VTB Bank starts financing the DIXY Group of Companies.
"VTB management decided to set a RUB 1.5 credit limit on the Group with the opportunity to provide funds for a one year-period. The funds will be channeled into refinancing current debt and replenishing working capital," the bank reports.
Under the Governmental Program aimed at supporting retail networks, VTB actively lends to the key representatives of this industry. The volume of bids that VTB is considering now exceeds RUB 30 billion.
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