OREANDA-NEWS. August 03, 2012. The Tomsk branch of NOMOS-BANK has opened a RUB 70 million credit line for CJSC Krasnaya Zvezda Confectionary Plant, one of the oldest confectionary companies in Russia. The credit is to be used for working capital finance, reported the press-centre of NOMOS-BANK.

NOMOS-BANK has been working with the Krasnaya Zvezda group of companies since 2009.

In addition to credit products, Krasnaya Zvezda companies use the Bank’s foreign trade, cash and settlement services, as well as its Factoring Finance service, for which a limit of RUB 90 million was set in April 2012. The overall credit limit for the Krasnaya Zvezda group, including factoring, exceeds RUB 340 million.

“Cooperation with the Krasnaya Zvezda group of companies is a mutually beneficial partnership. We have confidence in the responsible approach and high quality of the organization’s management. Our client’s skilful use of borrowed funds and timely performance of obligations are confirmed by its impeccable credit history. We are confident that the development of our relationship will have a favourable impact on the development of the company and, therefore, on the economy of our region,” noted Dmitry Litvinenko, manager of the Tomsk branch of NOMOS-BANK.

“Krasnaya Zvezda and NOMOS-BANK have been collaborating productively for the past three years. One of the Bank’s strengths is the way it tailors its approach to each client and takes prompt decisions on issues at every level. The Bank is continuously expanding its product range and is always offering our company new and original financial products and services. For example, the factoring service, which our company actively uses, is an effective tool for managing accounts receivable: reducing the level of indebtedness helps us to invest even more in developing the business,” noted Aleksandr Olovyanishnikov, Krasnaya Zvezda’s financial director.