OREANDA-NEWS. May 30, 2014. The Yekaterinburg branch of Sviaz-Bank (Vnesheconombank Group) has been named winner of a public auction for a contract to make a loan to the Irbit Dairy, OJSC.

The Bank’s branch has opened a credit line of 368.7 million rubles, to be drawn down over five years, to the dairy that will use the loan funds to finance its development projects.

The Irbit Dairy is adopting modern milk production processes, providing skill upgrading facilities to its workforce, and purchasing new equipment. The dairy’s products have been awarded prizes and marks of distinction at various dairy industry exhibitions.

“The Irbit Dairy is among several enterprises providing jobs and livelihoods to residents of Irbit, a city in Sverdlovsk Region, and this is the reason why we attach special significance to our mutually beneficial partnership. Sviaz-Bank’s branch in Yekaterinburg cooperates with many different enterprises in the farming industry and in this way supports this key industry of the country’s economy,” said Rita Bulatova, the branch manager.