The VTB Bank has started financing the first stage of the investment program of Narzan, a company selling mineral water, RIA Novosti cites Victor Kuzmenko, the VTB manager in the North Caucasian Federal District.
The first loan agreements were signed to purchase equipment of Elopak Systems AG. New equipment will be installed in Kislovodsk in late 2013.
Narzan signed a deal on strategic partnership with the bank in February 2013. It was granted a loan limit of 500 million rubles.
