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Sberbank Opens RUB 2 bln Credit Line for Obuv Rossii Group
Obuv Rossii Group and Sberbank PJSC have signed an agreement about opening a revolving credit line for three years for the total amount of RUB 2 bln. The Group will use the funds to finance its working capital and operational activities.
Sberbank is one of the main financial partners of Obuv Rossii Group. The cooperation between the Group and the bank started in 2005 when the first credit line was opened. “We highly appreciate it that the biggest bank in our country has been extending its support to our business for many years. Over this time, Obuv Rossii has significantly expanded the scope of its activity. We are working all over the country developing several business lines and occupying the leadership positions on the promising shoe market. It was possible for us to achieve our aims partly owing to the cooperation with Sberbank. We are glad we can continue our collaboration,” says Anton Titov, CEO of Obuv Rossii Group.
Sberbank and Obuv Rossii cooperate not only in financing business activities of the Group but in other spheres too, which include payments and cash management, online banking, a payroll card program, etc. Also, the Group and the Bank work together in shoe production. In 2017, Obuv Rossii signed a three-year contract with Sberbank for the production of over 80 thousand shoe pairs for the cash collection and security services of the Bank.
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