OREANDA-NEWS. The Perm branch of Sviaz-Bank (Vnesheconombank Group) is keeping up its cooperation with Kama Cable LLC, having opened lately a revolving credit line of 650 million rubles, to be repaid over a 24months’ period. The loan has been issued to increase the company’s working capital. So far, the borrower has drawn down 300 million rubles.

Cooperation between Sviaz-Bank and Kama Cable LLC began in 2011. Over two years, 2011 and 2012, the Bank gave 800 million rubles in loan to the company, and fixed a limit of 100 million rubles on its guarantees. A credit line of 250 million rubles was opened to the borrower in 2013 as a way to expand its cooperation with the lender. Today, Sviaz-Bank has set a total limit of 1.25 billion rubles on lending and documentary operations for Kama Cable LLC.

“Kama Cable LLC is a leading manufacturer of cables and wire in Russia and other CIS countries. It keeps on growing, adopting new techniques and technologies, and improving its products that comply with the latest Russian and international quality standards. It turns out over 3,500 varieties of products for the aircraft industry and shipbuilding, industrial and civilian construction, and mining. The company owns Russia’s biggest cable manufacturing facility,” says Alexei Kuznetsov, deputy manager of Sviaz-Bank’s branch in Perm.