VTB Bank (Kazakhstan) actively takes part in implementation of the state program «Agribusiness-2020»

11.09.2014 VTB Bank (Kazakhstan) provides financing under the credit line
opened by one of the largest companies in Akmola region - «Kokshetau Dairy Plant «Moloko Sinegorya» LLP. Money received under this credit limit are used for making investments 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 business entities in regions of the country. Thus, since 2013 it finances Kokshetau Dairy Plant «Moloko Sinegorya», which is a part of «A.P. Milland» LLP
(previously – «Agroproduct Asia» LLP). The credit line was opened in the amount of more than 3 billion tenge for 3 years».

Borrowed funds were used for expansion of existing production and replenishment of working capital of the company. Today, the company is completing construction and commissioning of the line of bottling dairy products in PET bottles with capacity of 24 thousand bottles per hour.

In addition, taking into account activities of the company relating to priority sectors of agriculture, this project «Kokshetau Dairy Plant «Moloko Sinegorya» LLP was included into state program of subsidizing interest rates of loan and lease obligations of subjects of agriculture for financial recovery under the program of «Agribusiness-2020». Participation in the program will allow the company to perform expansion of existing production and creation of new productions through investment of credit and own funds, including by optimization of loan payments due to reduction of debt burden as a result of performed measures of state support within the framework of financial recovery.

In the future, the Group of companies plans to increase the share of exports of dairy products to the Russian Federation up to 20-30% of the total sales volume.

VTB Bank (Kazakhstan) offers convenient financing schemes and individual approach to each borrower by evaluating all aspects of cooperation and prospects of companies development.

For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian OJSC VTB Bank. License of the FSA of the RK No. 1.1.259 dated 22.05.2009. The Bank was assigned international rating at the «BB+» / «Negative» forecast level from Standard & Poor’s Agency. 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%).