OREANDA-NEWS. August 21, 2014. The Lipetsk branch of Sviaz-Bank (Vnesheconombank Group) has entered into a loan agreement with the local Management Company LLC (Lipetsk Fuel Company).

A loan of 130 million rubles in the form of a nonrevolving credit line will be made for a drawdown period of 24 months. The company will use the borrowed funds to increase its working capital.

This is the second time Sviaz-Bank and the company have entered into a loan agreement – the first time was in late 2013 when the Bank made a loan of 400 million rubles to the company.

The Management Company LLC (Lipetsk Fuel Company) is a leading POL (petroleum, oils, and lubricants) operator in the Lipetsk area and owns a fleet of specialized POL trucks and tanks. It operates a network of tank farms, filling stations, and filling complexes. The company is expanding its operations rapidly and registering profit growth every year.