VTB 24 Bank increased the credit line of Obuv Rossii GC GC "Shoes of Russia"
17.10.2016 2172

VTB 24 Bank increased the credit line of Obuv Rossii GC

VTB Bank opened a revolving unsecured credit line to the Obuv Rossii group of companies in the amount of 500 million rubles for a period of three years. As a result of the transaction, the total credit limit set by the bank for Obuv Rossii Group of Companies increased to 2 billion rubles. The funds raised will be used to finance the current activities of the group and replenish working capital.

“The support of development-oriented companies that set ambitious goals, find opportunities for their implementation and participate in the national import substitution program is one of the priority areas of our bank’s work,” comments Vyacheslav Bryukhanov, head of VTB's corporate branch in Novosibirsk. - “Shoes of Russia” is one of the leading enterprises in the shoe industry in our country. It is especially important, in our opinion, that the company invests in capacity building and builds production on a new technological base. ”

According to the director of Obuv Rossii Group of Companies Anton Titov, thanks to joint work with the bank for more than 3 years, the company has managed to significantly increase the volume of business, implement a number of large projects, including an M&A deal.

VTB Bank and Obuv Rossii group of companies have been cooperating since 2013, when the first credit line for 500 million rubles was opened. During this time, the bank has repeatedly provided financial support to Shoe of Russia, which contributed to the implementation of the strategic plans of the company and the development of new projects.

Obuv Rossii and VTB have long and fruitfully worked not only in the field of traditional lending, but also in such areas as: settlement and cash services, Internet banking, deposit placement, support of foreign economic activity. Obuv Rossii also collaborates with other companies from the VTB Group. So, VTB Insurance is a partner of Shoe of Russia in corporate insurance, VTB Insurance insurance products are sold in the stores of Obuv Rossii Group of Companies.

VTB24 is a part of VTB Bank (PJSC). As of June 30, 2016, VTB Group is the second largest financial group in Russia by assets (12 billion rubles) and customer accounts (333,5 billion rubles). The main shareholder of VTB is the Government of the Russian Federation, which in the person of the Federal Agency for State Property Management owns 7% of the voting shares.

The Obuv Rossii group of companies was founded in 2003; its head office is in Novosibirsk. The main business areas of the Group are footwear manufacturing, retail and wholesale of footwear and related products. Obuv Rossii develops five shoe chains: Westfalika (single brand, mid-price segment), Pedestrian (multi-brand shoe supermarket), Emilia Estra (shoes boutique), Rossita (store for the whole family) and Lisette (fashion showrooms). The Shoe of Russia shoe network currently has more than 450 stores in more than 100 cities. The company's revenue in 2015 under RAS amounted to 9 billion rubles, net profit - 1,3 billion rubles.

VTB Bank opened a revolving unsecured credit line for the Obuv Rossii group of companies in the amount of RUB 500 million for a period of three years. As a result of the transaction, the total credit limit, ...
5
1
Rating

Latest News

Fendi and Burberry will close boutiques in Russia

In August 2024, Fendi (part of the LVMH group) will close its last boutique in the Moscow TSUM, and Burberry in GUM, writes Kommersant, citing data from the reports of the Russian subsidiaries of these...
15.07.2024 168

Brunello Cucinelli reported sales growth of 14,1% in the first half of 2024

Italian luxury brand Brunello Cucinelli reported preliminary results for the first half of 2024, with revenue of 620,7 million euros. Sales increased by 14,1% at current exchange rates and by 14,7% excluding...
12.07.2024 571

On the most fashionable street in St. Petersburg, street retail rent increased by 1,5 times

Bolshoi Avenue of the Petrograd Side has been the main Fashion thoroughfare of the Northern capital for many years. Over the past year and a half on this street, according to the consulting company NF Group, the share of vacant space has decreased by 5 percentage points and...
12.07.2024 732

Jacquemus and Nike presented a new collaboration for the Olympics in Paris

An updated Nike Air Max 1 sneaker, a new version of the Swoosh and a capsule collection of sportswear are the result of the latest collaboration between French brand Jacquemus and American sports giant Nike. Collection…
11.07.2024 625

Shoes of the season - luxury flip-flops

Flip flops are back. Or rather, they have already returned to fashion this summer, although now they are not just rubber shoes. The trend for chic and comfort dictates its own rules. Now flip flops and other types of flip-flops must be made of natural...
10.07.2024 669
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning