Russian National Construction Bank opened a credit line with the limit of 200 million rubles for establishing shoe production in the Republic of Crimea, the bank’s press office told reporters on Tuesday.
“The loan was issued at a reduced interest rate within the framework of the federal program on stimulation of crediting the subject of small-sized and medium-sized enterprises,” the press release reads.
The funds have been allocated for the period of five years.
Earlier it was reported that the bank opened a credit line to Zenden with the limit of 300 million rubles.
Zenden Group operates in the field of shoes manufacture and sales and it is building a shoes factory in Crimea with a projected capacity of over 1 million shoes per year.