Volga | Industry, manufacturing | Finance, business

Sberbank loans $2m to timber maker Mr. Kadyrov

30 Mar '10
Republic of Tatarstan individual entrepreneur Albert Kadyrov, engaged in timber industry, has taken out a $2m loan with Sberbank, the bank reports.

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

Under plans, the funds are to be invested into Mr. Kadyrov’s timber and assembly workshops. Mr. Kadyrov’s main product is wooden doors.
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