VTB Bank (Kazakhstan) and Eikos LLP signed a contract for provision of revolving credit-documentary line in the amount of 66 million Russian rubles (900 million tenge). Eikos company - wholesale network of tire production in Kazakhstan – will allocate the received financial resources to supply its products to the agro-technical complex of Kazakhstan.
Currently, Eikos is the official representative of tire plants within the territory of the Republic of Kazakhstan. For 20 years of successful work the company has implemented a lot of programs and projects aimed at the business development. Today branches in 8 major cities of Kazakhstan operate on the basis of Eikos LLP, and 15 professional tire centers have been opened on their basis.
- Eikos LLP has substantial experience in sale of tires and has already proved itself as an industry leader, dynamically developing in Kazakhstan market. Precisely balanced development strategy allows the company to increase turnover and to set new business tasks, the Chairperson of the Management Board of VTB Bank (Kazakhstan) Dmitry Zabello says. - The activity of the company has great social importance. The credit line opened by our bank will allow them to meet a large share of demand of Kazakhstan farmers in tire products that in anticipation of the harvest is strategically important task for ensuring the country's food security.
The parties endeavor to establish a strategic, long-term partnership within the framework of which and in the future they plan to take joint participation in the development and implementation of interesting projects and socio-economic programs.
- Our main suppliers are located in the Russian Federation, cash transactions with them are carried out in the currency of the partner. Monitoring of banking offers has showed that the most advantageous terms and conditions of cooperation are provided by VTB Bank (Kazakhstan), the Director of Eikos LLP Aleksandr Solovyov says. - Thanks to the financial support of the bank, we have already concluded contracts with agricultural producers for supply of our products before the start of the harvest, therefore, the equipment will meet the new season armed at all points. Currently we are able to cover more than 50% of tire demand for Kazakhstan's agro-industrial complex.
Subsidiary VTB Bank JSC (Kazakhstan) is a member of VTB international financial group. The Bank has successfully worked more than 7 years in the financial market of Kazakhstan. To date, Subsidiary VTB Bank JSC (Kazakhstan) has a branch network, consisting of 37 structural subdivisions, 17 of which are branches. The Bank's Central Office is located in Almaty. The license of the National Bank of the Republic of Kazakhstan No.1.2.14/39 dated December 23, 2014.
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