VTB Enhances Cooperation with Synergy Group of Companies
OREANDA-NEWS. April 24, 2009. Striving to enhance long-term relations with Synergy Company, VTB Bank Branch in Vladivostok provided the enterprises of the group with another trance of credit resources worth RUB 27 million. The volume of the loans totaled RUB 470 million, reported the press-centre of VTB.
The funds were channeled into replenishing the working capital of such enterprises of the Group as JSC Ussuriysky Balzam, LLC Ussuriysky Balsam Trade Network, and Myasokombinat Nakhodkinsky.
Cooperation between VTB and Synergy started in 2005, when VTB branches set first limits of credit risks to Synergy enterprises.
In September 2008, while developing business with the leading enterprises of Russian spirits market, VTB Bank set a single credit limit to Synergy Group of Companies amounting to RUB 2.3 billion. Today, Synergy thinks of implementing payroll project through Bank VTB24 (joint-stock company).
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