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MTS Bank Opened for "Obuv Rossii" GC a Credit Line of 500 Million Rubles
"Obuv Rossii" Group of Companies and MTS Bank signed a credit contract. In accordance with the terms of the contract, the Bank provides the Group with an unsecured revolving credit line in the amount of 500 million rubles for 3 years. The Group will use the money to replenish the working capital and to finance its current activity.
"MTS Bank is a new financial partner of our company and we are glad to start cooperation with one of the leading banks of our company," comments Anton Titov, Director of "Obuv Rossii" Group of Companies. "Our company is actively developing and introducing new projects, including those in footwear production. It should be noted that the partnership with the bank plays an important role in the implementation of the Company's plans."
"For our bank "Obuv Rossii" is the first partner representing the light industry, i.e. the industry that has a large growth potential in the current situation. This will allow us to strengthen the position of the bank in the segment that is new for us and to make our contribution to the development of the Russian production," said Head of the Corporate Block, Vice President of MTS Bank, Mikhail Yatsenko.