OREANDA-NEWS.  February 25, 2014. Sviaz-Bank (Vnesheconombank Group) has made a loan with a debt limit of 2 billion rubles, to be repaid over three years, to the United Confectioners LLC.

The loan was issued to the leader of the Russian confectionery market in the form of a revolving credit line to increase the borrower’s working capital.

“We are aiming for long-term cooperation with the flagship of Russia’s confectionery industry. We are ready to give loans to the company and to help it reinforce its positions and promote growth of the food industry in Russia,” said Igor Burt-Yashin, Director of Sviaz-Bank’s Loan Department.

The United Confectioners Holding Company is a member of the Guta Group and the largest confectionery maker in Eastern Europe. It unites 19 Russian confectionery producers, including Krasny Oktyabr, Babayevsky Confectionery Concern, and ROT FRONT, Moscow’s biggest confectioners. The holding company’s confectionery factories own famous Russian trademarks, such as Alyonkaa, Babayevskya, Vdokhnoveniyea, Mishka Kosolapya, Krasnaya Shapochkaa, Korovkaa, and Tulsky Pryanika, among many others. The company’s products are sold through a far-flung distribution network in Russia, and also shipped to markets in the United States, Europe, Israel, CIS countries, and several countries in the Middle East.