OREANDA-NEWS. The regional operations office of the Bank of Moscow in Samara extended a loan of RUB 161 million to ALEV CJSC for a term of 2.5 years for the company to refinance its debt to other banks, and also RUB 100 million for 1 year to replenish the company’s working capital.

ALEV CJSC produces a wide range of consumer dairy products, including butter and spreads, semisolid and processed cheese, as well as whole milk and fermented milk products such as pasteurized and ultrapasteurized milk, sour cream, cottage cheese, ryazhenka (fermented baked milk), kefir, yoghurt, and whey drinks. The products are produced under the company's own trademark Koshkinskoe that originates from the village of Koshki in Samara Region, where Koshkinsky Butter and Cheese Plant, being the oldest plant in the region, is located. The company’s portfolio also includes products with Zavolzhsky trademark.

"We would like to point out that our cooperation with the Bank of Moscow has been very successful, with the Bank's staff promptly addressing, in a professional manner, all issues arising in the course of a transaction. We hope that our further cooperation with the Bank will be equally fruitful," stressed Pavel Fedotov, ALEV Finance Director.

"Supporting regional business is among the key areas for the Bank. ALEV is a remarkable player among the manufacturers of dairy products in the region, and we are glad that cooperation with the Bank of Moscow enables our clients to develop their business smoothly," commented Evgeny Monin, Director of Corporate Sales Management Department, Bank of Moscow.