OREANDA-NEWS. September 07, 2010. Sviaz-Bank’s branch in St. Petersburg will issue a loan of 200 million rubles to Alkor Bio LLC, one of the biggest producers of reagents for laboratory diagnostics in Russia, for a period of 60 months to build up the company’s fixed assets, reported the press-centre of Sviaz-Bank.

The loan has made Alkor Bio LLC one of Sviaz-Bank’s first borrowers involved in medicine and high biotechnologies. In this way, the Bank has expanded its presence in Russian industries (which include the chemical industry, gas production, mechanical engineering, wholesale trade, and utilities) under its program to diversify its loan portfolio.

The Alkor Group of companies is a major biotechnological holding company that is keen on innovations. The holding company’s traditional areas of business include development, manufacture, and sale of immuno-enzyme analysis kits. The quality of its products is up to European standards, and they carry the CE symbol. At present, the Alkor Bio Group comprises 12 companies.