MTS Bank has opened Obuv Rossii GC credit line for 500 million rubles

Obuv Rossii Group of Companies and MTS Bank signed a loan agreement. Under the terms of the agreement, the bank provides the group with an unsecured revolving credit line in the amount of 500 million rubles for a period of 3 years. The group will use the raised funds to replenish working capital and finance current activities.

“MTS Bank is a new financial partner of our company, and we are pleased to start cooperation with one of the leading banks in our country,” comments Anton Titov, director of the Obuv Rossii group of companies. - Our company is actively developing and introducing new projects, including in the field of shoe production. It is worth noting that partnership with the bank plays an important role in implementing the company's plans. ”

“For our bank, Obuv Rossii has become the first partner to represent light industry - a sector that, under current conditions, has great prospects for growth. This will allow us to strengthen the position of the bank in a new segment for us and to contribute to the development of Russian production, ”said Mikhail Yatsenko, Head of the Corporate Unit, Vice President of MTS Bank.

According to the estimates of the marketing department of Shoe of Russia, in the 1st half of 2016, a stabilization of the situation in the Russian shoe market and a slight increase in sales in pairs were observed. There is also a further reduction in imports and an increase in the share of Russian production, which now accounts for 30% of the market. In the next two to three years, the share may grow to 35%.

“Obuv Rossii” in the current conditions demonstrates the positive dynamics of the main financial indicators: the company's revenue in the 1st half of 2016 increased by 7% to 4 billion rubles, net profit amounted to 401 million rubles, an increase compared to the same period of 2015 - 2,6 , 500%. Also, Obuv Rossii is expanding its production capacities and is launching new products - military and special footwear, half-sport style shoes, tracking shoes. In total, this year the company will produce XNUMX thousand pairs of shoes.

Public Joint Stock Company MTS Bank (PJSC MTS Bank) is a universal commercial bank, one of the 50 leading banks in Russia in terms of assets and is the Authorized Bank of the Moscow Government. General license of the Bank of Russia for banking operations No. 2268 dated December 17.12.2014, 49. The network of MTS-Bank service offices covers 30 cities in the XNUMX largest regions of Russia. The main shareholders are PJSC AFK Sistema and PJSC MTS.

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 (monobrand, mid-price segment), Pedestrian (multi-brand shoe supermarket), Emilia Estra (shoes boutique), Rossita (store for the whole family) and Lisette (fashion shoe salons). The Obuv Rossii retail network currently has more than 450 stores in more than 100 cities. The company's revenue in 2015 according to RAS amounted to 9 billion rubles, net profit - 1,3 billion rubles.