OREANDA-NEWS. Vladimir branch of AKB “Promsvyazbank” (JSC) has opened the limits on factoring service for the largest Vladimir industrial and trade enterprises for the total sum $3 million. Branch has started to carry out factoring operations in March 2006.

In particular, the bank has given a limit of factoring operations for the sum $1 million to “Vladimir motor-tractor factory Ltd". Branch also has signed the agreement with “Breeze Ltd” (wholesale supplier of combustive-lubricating materials) for the sum $500 thousand.

The contract also is concluded with “Roquefort Ltd” (wholesale-retail seller of dairy production) - for the sum $120 thousand. “NPP “Ekos”, the manufacturer of flanges, will receive $300 thousand within the frameworks of the contract on factoring service. The agreement for the sum $150 thousand is signed with “Firm “Argo” (large manufacturer of packing).