VTB Bank (Kazakhstan) finances Kokshetau dairy plant

09.04.2014 Within the framework of credit line of one of the largest companies in Akmola region - «Kokshetau Dairy Plant «Moloko Sinegorya» LLP, VTB Bank (Kazakhstan) has issued next tranche in the amount of 339,8 million tenge. Funds will be directed to implementation of investment and replenishment of working capital.

Marlen Mukhamedzhanov, Director of the Branch of Subsidiary
JSC VTB Bank (Kazakhstan) in Kokshetau city: «VTB Bank (Kazakhstan) actively finances economic entities in regions of the country. So, since 2013 it finances Kokshetau Dairy Plant «Moloko Sinegorya», which is a part of «A.P.Milland» LLP (previously - «Agroproduct Asia» LLP). Credit line is opened in the amount
of 3 billion tenge for 3 years».

«Kokshetau Dairy Plant «Moloko Sinegorya» LLP plans to increase share of exports to the Russian Federation up to 20-30% of total sales. The company plans to start production of dairy products (kefir, subsequently yoghurt), as well as to expand the range of offered products by implementing solution of bottling milk in PET-bottles.

VTB Bank (Kazakhstan) offers convenient schemes of financing and individual approach to each borrower, evaluating all aspects of cooperation and perspectives of development of companies. Experts of the Bank analyze needs of companies and offer the most attractive schemes of documentary transactions and foreign economic activity - for companies doing their business outside the Republic of Kazakhstan.

For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian VTB Bank OJSC. License of the FSA of the RK No. 1.1.259 dated 22.05.2009.
The Bank was assigned international rating at the «BBB-» / «Stable» forecast level from Standard & Poor’s Agency that indicates its positive and stable financial condition. The branch network of VTB Bank (Kazakhstan) covers 17 cities and amounts to 24 points of sales. VTB Bank and its subsidiaries form international financial group which conducts its activities in Russian and foreign markets.
VTB Group consists of more than 30 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – is the Government of the Russian Federation (60,9%).

«A.P.Milland» LLP – is established in January 1996 with the purpose of organizing production of quality and affordable dairy products. The first products of the production were glazed curd bars. Today the company is the only domestic manufacturer of glazed curd bars, which are popular in all regions of Kazakhstan.