Norman-Vivat Group was recently given a credit limit of $60 million by the Bank of Moscow.
Normat-Vivat Group, which operates the largest retail chains in Perm Krai, will use the funds to replenish its working capital.
The corporation has three major retail chains. Vivat is a leader in the area of large and small supermarkets and is located in the Prikamye region.
Normat-Vivat operates Norman, a federal chain of specialized stores, in Moscow, St. Petersburg, Yekaterinburg and Perm. The company also operates Delta, a regional chain of food discounters.
"The Bank of Moscow actively develops cooperation with small and medium enterprises and we have a good understanding of the needs of trade companies. We hope that the product solution we offer will facilitate the development of Norman-Vivat Group," Evgeny Monin, the director of the corporate sales management department for the Bank of Moscow, said.
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