GLOBEXBANK (Vnesheconombank Group) and the Obuv Rossii group of companies signed an agreement to open a non-revolving credit line in the amount of 800 million rubles for a period of 18 months. Under the terms of the agreement, the Bank provides Obuv Rossii Group of Companies with an unsecured loan to replenish working capital and finance the Group's core business. Obuv Rossii's first credit deal with GLOBEXBANK took place in 2012. “The GLOBEXBANK is one of the main financial partners of the Group,” commented Anton Titov, Director of Obuv Rossii Group of Companies. “Long-term productive relations with the Bank allow the company to develop and launch new projects that increase the competitiveness of our business.”
Obuv Rossii GC demonstrates high financial performance and positive business growth, despite the unstable economic situation. So, in the 1 quarter of the 2016 of the year, Obuv Rossii Group increased revenue by 11% compared to the same period of the 2015 year - to 1,98 billion rubles. EBITDA grew by 9% - up to 500 million rubles.
Information about the company:
The Obuv Rossii group of companies is one of the five largest footwear retailers in Russia. The group was founded in 2003 and is headquartered in Novosibirsk. The main business areas of the Group are footwear production, retail and wholesale trade in footwear and related products. Obuv Rossii is developing 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). The shoe chain "Obuv Rossii" today has more than 450 stores in more than 100 cities.
About GLOBEX Bank
GLOBEXBANK was founded in 1992, is part of Vnesheconombank's group.
It carries out all the main types of banking operations presented in the financial services market. One of the Bank's priority areas of activity is lending to enterprises in the real sector of the economy.
The Bank has credit ratings from international rating agencies Fitch (long-term and short-term issuer default ratings in foreign currency “BB- / B”, “b-” stability rating, “3” support rating and “A + (rus)” long-term national scale rating) and Standard & Poor's (long-term and short-term credit ratings 'BB- / B' and 'ruAA-' on the national scale).