LenSpetsSMU and Globex Bank sign an agreement on the opening of a revolving line of credit in the amount of 1.2 bn rub

10.07.2013

Globex Bank and CJSC SSMO LenSpetsSMU (part of Etalon Group) have signed an agreement to open a renewable credit line of 1.2 bn rub for four years. LenSpetsSMU can use the credit line to replenish the company’s working capital.

The signing of the new agreement is the latest step in long-term cooperation between the sides. Globex Bank and LenSpetsSMU started working together in September 2010 when they signed an initial credit agreement for USD 20 mn.

CONTACT DETAILS:

Mikhail Dukhovny

CCO +7 (812) 348-21-25

Mikhail.Dukhovny@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com