Would you like to know all the news of the company and the footwear market? Then kindly subscribe to our news posting.
GLOBEX Bank Opened a Credit Facility for Obuv Rossii Group of Companies for 800 mln rub.
GLOBEX Bank (Vnesheconombank group) and the Obuv Rossii Group of Companies signed an agreement about opening a non-revolving credit line for 800 mln rubles for the period of 18 months. According to the terms of the agreement, the Bank provides to Obuv Rossii GC an unsecured loan to finance its working capital and core activity.
The first loan transaction of Obuv Rossii with the Globex Bank took place in 2012. Obuv Rosii shows strong financial performance and positive dynamics of its growing business despite the unstable economic situation. For example, in the 1st quarter of 2016, Obuv Rossii GC increased its revenues by 11% as compared to the similar period of 2015 – up to 1.98 bln rubles. EBITDA grew by 9% — up to 500 mln rub.