UniCredit Bank provides a RUB 450 million facility for Arnest
Stavropol Branch of AO UniCredit Bank and OJSC Arnest have signed a 450 million ruble 5-year credit facility agreement. The funds will be used to finance the project on purchasing equipment to manufacture of aerosol aluminium cans that will allow the Group to produce cans without foreign vendors.
According to the import substitution state strategy developed in the framework of the program “The development of industry and increase of its competitiveness" the part of interest rate on the loan amounted to 70% of the CBR Key Rate will be subsidized.
"It is important for us to maintain long-term mutually beneficial relationships with leading companies in the region that participate actively in the development of Russian industry such as the Arnest Group”, says Svetlana Khadyka, the Head of the Stavropol Branch of AO UniCredit Bank, “We have participated in many successful projects of the company and we hope that our cooperation will continue in the future".
"UniCredit Bank has been one of the key banks for the Group for ten years. Cooperation with the largest foreign bank in Russia, member of one of the leading European banking groups, allows us not only to get a truly high-quality banking services in Russia, but also to successfully develop foreign markets", – said the President of OJSC Arnest Alexey Sagal.
Arnest is the largest manufacturer of perfumery-cosmetic products on the territory of Russia and the CIS countries. Manufacture is carried out at several industrial platforms: OJSC Arnest (Nevinnomyssk, Stavropol Region), LLC Aerosol Novomoskovsk (Novomoskovsk, Tula Region) and LLC “Alumar” (Nevinnomyssk, Stavropol Territory) that produces aluminium rondels with use of modern technologies, raw materials and materials on the equipment of leading world manufacturers.