Volga | Finance, business | Farming, agriculture

Sberbank loans $12.8m to Naberezhnye Chelny Elevator

24 Aug '10
Republic of Tatarstan-based grain storage complex Naberezhnye Chelny Elevator has opened a $12.8m line of credit 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 used to finance the company’s production program.

Naberezhnye Chelny Elevator is a part of Agrosila Group.
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