VTB Bank (Kazakhstan) finances Kokshetau dairy plant to the amount of KZT339.8 mln

/KASE, April 9, 14/ – Bank VTB (Kazakhstan) (Almaty), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of April 9, 2014: quotation Within the framework of credit line of one of the largest companies in Akmola region - «Kokshetau Dairy Plant «Moloko Sinegorya» LLP, VTB Bank (Kazakhstan) has issued next tranche in the amount of 339,8 million tenge. Funds will be directed to implementation of investment and replenishment of working capital. Marlen Mukhamedzhanov, Director of the Branch of Subsidiary JSC VTB Bank (Kazakhstan) in Kokshetau city: «VTB Bank (Kazakhstan) actively finances economic entities in regions of the country. So, since 2013 it finances Kokshetau Dairy Plant «Moloko Sinegorya», which is a part of «A.P.Milland» LLP (previously - «Agroproduct Asia» LLP). Credit line is opened in the amount of 3 billion tenge for 3 years». «Kokshetau Dairy Plant «Moloko Sinegorya» LLP plans to increase share of exports to the Russian Federation up to 20-30% of total sales. The company plans to start production of dairy products (kefir, subsequently yoghurt), as well as to expand the range of offered products by implementing solution of bottling milk in PET-bottles. VTB Bank (Kazakhstan) offers convenient schemes of financing and individual approach to each borrower, evaluating all aspects of cooperation and perspectives of development of companies. Experts of the Bank analyze needs of companies and offer the most attractive schemes of documentary transactions and foreign economic activity - for companies doing their business outside the Republic of Kazakhstan. ends [2014-04-09]