RNKB Bank opened a credit line for ZENDEN Group in the amount of 300 million rubles. The funds were provided for a period of 24 months in order to replenish the company's working capital. In April 2016, RNKB Bank entered into an agreement with the ZENDEN Group of Companies to support the construction of a shoe factory in Evpatoria.
“We are ready to provide domestic producers with access to credit funds for enterprises to develop their business,” says Alexei Shcherbakov, vice president and director of corporate business at RNKB. “In addition, the ZENDEN Group is also planning to implement a serious project to build a shoe factory on the peninsula, and the bank is ready to provide full assistance in this.
The new amount of funding continues the history of a strategically important partnership between leaders in their industries, ”said Pavel Chaltsev, financial director of the ZENDEN Group. - Cooperation also speaks of the importance of the development of the shoe industry for the growth of the Russian economy. The Bank traditionally lends to efficient borrowers with a promising, sustainable business, and we are certainly pleased to be among them.
ZENDEN Group is a Russian diversified federal-scale industrial holding. The group manages a retail network of 251 brand stores in 101 Russian cities, shopping centers, as well as modern shoe production in the country. Since 2016, the ZENDEN Group has been implementing a large-scale investment project for the construction in the Republic of Crimea of a unique industrial cluster and a new shoe factory with a capacity of more than 1 pairs of shoes per year.