OREANDA-NEWS. May 16, 2011. Sviaz-Bank is to accommodate the Servico Group of companies with 255 million rubles in revolving lines of credit and overdraft facilities under a 24-month agreement between the parties. The borrower will use the loan funds to increase its working capital, reported the press-centre of Sviaz-Bank.

In 2010, Sviaz-Bank gave the Group 45 million rubles in loan to finance its needs. The total amount the Bank is to lend to Servico LLC will, therefore, reach 300 million rubles.

Servico Group is East Siberia’s biggest wholesale and retail company selling beer and nonalcoholic beverages and the largest logistic distribution center in the region. The company is mostly engaged in wholesale and retail trade in beer, juices, snacks, and alcoholic products.