Promsvyazbank funded the import of domestic raw materials in Georgia

Press-service of Promsvyazbank reports that this credit institution made its first deal in the market of Georgia. The Bank financed the purchase of raw materials for manufacture in this country of cable products. It is reported that the structure of the transaction provided for the allocation of credit funds of JSC "Sakkabeli" (the Georgian is a leading manufacturer of power cable). With their help, the company was able to secure supplies of copper and aluminum rod from the territory of Russia.

According to Evgeny Kozerenko (the leader of the corporate block "PSB"), the Bank intends to steadily work on the expansion of business relations with Georgian producers. The deal was already conducted successful negotiations with a number of importing from Russia counterparties.