Obuv Rossii attracted a non-revolving credit line from Raiffeisenbank in the amount of 500 million rubles.
A loan secured by the companies of the group is attracted for 2 years to finance the 2014 investment program. Earlier in 2014, Obuv Rossii attracted credit lines from VTB for 1 billion rubles, Globex Bank - for 500 million rubles and agreed with MDM Bank to increase the credit limit from 300 million to 500 million rubles.
We would like to remind that Obuv Rossii is a federal footwear retail company, one of the five largest footwear retailers in the Russian Federation. It develops Westfalika and Pedestrian shoe stores. By the end of 2014, Obuv Rossii plans to increase the number of stores to 400, and its revenue to 7 billion rubles. The priority regions for development are the Volga region, North-West, Central Russia and the Far East.