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Alfa-Bank released 1.2bn rub. to PRODO

Alfa Bank released 1.2bn rub. to PRODO Group within the current credit lines affirmed in the total volume of 7.35bn rub., the Bank informed.

The raised funds will be spent on the investment project aimed to reconstruct, modernize and expand Omsky Bacon as pig-breeding entity located in Omsk reg.

The credit lines were approved by the Ministry of agriculture within the federal soft crediting program. The credit period covers 8 years.

Omsky Bacon is the most important entity in PRODO's structure.

Earlier, PRODO realized the project on the modernization of PRODO Poultry Factory at the support of Alfa Bank.

Alfa Bank (TIN 7728168971) was founded in 1990. The direct holders involve AB Holding keeping above 99% and ALFA CAPITAL HOLDINGS (CYPRUS) LIMITED (less 1%). It is the largest private financial institution in Russia by the amount of aggregated assets, capital, credit and depository portfolios.

The IH 2018-aggregated assets (IAS) of ABH Financial, Alfa Bank and subs reached $45.1bn; aggregated credit portfolio - $29.5bn; aggregated capital - $7.1bn. The IH 2018 net profit (IAS) gained $658mln.

"AK&M", 14:41, 09.11.2018 1251 AKM,BNK


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