The Moscow branch of Bank Saint Petersburg and Polyplastic Group, a manufacturer of polymer pipeline systems for external water supply and water removal, gas distribution, hot water and heating networks, signed a 3-year loan agreement amounting to RUB 1 billion. The loan proceeds will be used to finance the group's current operations, the bank informed.
Polyplastic Group is a Russian multinational conglomerate, one of the leading chemical producers in Europe with an annual turnover of about RUB 40 billion. Polyplastic includes 17 production facilities in Russia, Belarus and Kazakhstan specializing in three segments: production of gas and water supply pipes, production of heat pipes and production of composite materials.
Bank Saint-Petersburg PJSC (tax number: 7831000027) is a universal commercial bank established in 1990. The bank currently provides services to more than 1.8 mn individuals and ca. 52,000 companies at 64 offices in St. Petersburg, Leningrad region, Moscow, Kaliningrad, including a representative office in Novosibirsk.
