VTB Bank and Obuv Rossii group of companies signed a loan agreement, under which the Bank opens a revolving credit line to the group in the amount of 1,4 billion rubles for a period of 5 years. As a result of the transaction, the total lending limit provided by Obuv Rossii Bank increased to 3,5 billion rubles. The company will use the raised funds to replenish working capital and finance current activities.
VTB Bank and the Obuv Rossii group of companies have been cooperating since the fall of 2013. “We highly appreciate the fact that one of the largest banks in the country is our regular financial partner. - comments Anton Titov, director of the GK “Obuv Rossii”. - For several years, the bank has been providing substantial support for the implementation of the company's strategic plans. Thanks to our joint work, we were able to significantly expand our business, increase our presence in the regions, launch new business lines and strengthen our leadership in the market. ”
The head of VTB Bank’s corporate branch in Novosibirsk, Vyacheslav Bryukhanov, said: “Obuv Rossii Group of Companies is rightfully one of the flagships of the Russian shoe market and has been successfully using the economic environment for continuous business development for many years, and is achieving ever new performance indicators. I am sure that the financing provided will allow the company to implement plans to further strengthen its market position. We always closely monitor entrepreneurial initiatives in the Novosibirsk Region and will continue to support quality projects of any scale. ”
Obuv Rossii demonstrates high performance indicators: in 2016, the company increased revenue by 11% to 10 billion rubles; net profit amounted to 1,3 billion rubles; retail sales of shoes increased by 10%. According to the forecasts of the marketing department of Shoe of Russia, there have been positive trends in the shoe market: a slow market recovery will begin in 2017, and will return to pre-crisis levels by 2019-2020. As for the plans of the company, this year, Obuv Rossii will continue to improve the quality of retail, develop financial services and increase production volumes.
The Obuv Rossii group of companies was founded in 2003; its head office is located in Novosibirsk. The main business areas of the Group are footwear production, retail and wholesale trade in footwear and related products. Obuv Rossii develops five shoe chains: Westfalika (mono-brand, mid-price segment), Pedestrian (multi-brand shoe supermarket), Emilia Estra (shoes boutique), Rossita (store for the whole family) and Lisette (fashion shoe salons). also brands of casual-style footwear produced at our own factory in the city of Berdsk, Novosibirsk region (S-TEP, All.go, Pioneer of Arctic Travel). The shoe chain "Obuv Rossii" today has more than 450 stores in more than 100 cities. RAEX (Expert RA) assigned the Group an 'A +' credit rating (very high level of creditworthiness), the third sublevel, with a stable outlook. The company's revenue in 2016 under RAS amounted to 10 billion rubles, net profit - 1,3 billion rubles. The company has online stores westfalika.ru, westfalika-home.ru, emilia-esta.ru, rossita.com.
VTB Bank (PJSC), its subsidiary banks and financial organizations (VTB Group) are the leading Russian financial group providing a wide range of financial and banking services in Russia, the CIS, Western Europe, North America, Asia and Africa.
In Russia, the group carries out banking operations through one parent (VTB Bank) and subsidiary banks, the largest of which is VTB24. Subsidiary financial organizations of the group provide services in the securities market, insurance, leasing, factoring or other financial services.