North West | Finance, business | Industry, manufacturing

VTB North-West to loan $23m to Syasky TsBK

31 Dec '10
Leningrad region-based pulp-and-paper factory Syasky TsBK has opened a $23m non-revolving line of credit with VTB North-West, the bank reports.

The funds are reportedly to be loaned for three years, the interest rate has yet to be disclosed.

Under plans, the funds are to be used to replenish the companys circulating assets.
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