The Bank of Moscow's Perm regional office said Tuesday that it would provide a financing package to Norman-Vivat GC that amounts to $28.7 million to help replenish company capital.
Norman-Vivat specializes in retail networks. Its Vivat Retail Network consists of 97 stores, supermarkets and convenience stores. Its Norman Retail Chain consists of 256 outlets throughout the country, including the Perm region, St. Petersburg, Yekaterinburg and Moscow.
"We have always strived to build long-term and mutually beneficial relationships with lending institutions," Norman-Vivat Financial Director Vladimir Panteleev said. "We have been working with the Bank of Moscow since 2009, and year after year, the bank demonstrates the necessary flexibility in collaboration with us, exceptional reliability and a high level of service."
The bank said it is committed to the cooperation and support of enterprises within the Russian Federation. The bank said it understand the needs of companies working in trade fields.