OREANDA-NEWS. December 5, 2007. Empils has established a credit line in the Rostov branch of Banque Societe Generale Vostok (BSGV) for the period of 9 months with a limit of 100 million rubles.

Banque Societe Generale Vostok is the Russian enterprise of the French bank group Societe Generale, large European lending institution. Empils uses bank loans of various banks since the time of its foundation. BSGV has joined banks — partners of the company, having made a number of favorable offers to the company: optimum interest rate, lending under the floating interest rate and top client service.

Credit lines allow Empils to compensate for the lack of current assets and to pay wages to employees, to modernize the equipment, to buy raw material during the off-season period, when the sales revenue is the lowest.

According to Galina Volzhina, Chief Financial Officer of Empils, cooperation of Empils and BSGV promises to be mutually advantageous. Further the partner program can be expanded, and its duration increased.