OREANDA-NEWS. June 23, 2014. Sberbank has issued a 500 million rubles loan to JSC Moscow Jewellery Plant. Purpose of the loan is financing of the working capital of the enterprise. The duration of the agreement on the revolving credit line is up to 12 months.

Moscow Jewellery Plant is one of the leaders of the domestic industry of precious metals and diamonds. The retail network of the plant includes more than 290 jewellery outlets in 100 cities of Russia.

Svetlana Sagaidak, Senior Vice President of Sberbank of Russia, commented: "The conclusion of this loan agreement is a further confirmation of the effective work the Bank provides for its customers, offering the most flexible and favourable terms in the market”.