VTB Bank (Armenia) provides financing to Ardis LLC for expansion of distribution capabilities

18.03.2021 21:20
VTB Bank (Armenia) provides financing to Ardis LLC for expansion of distribution capabilities

YEREVAN, March 18. /ARKA/. VTB Bank (Armenia) and Ardis LLC have been cooperating since 2019 in the framework of settlement and cash services and credit and documentary products, the press service of the bank said in a press release today.

Recently, the bank financed the company so that it could fulfill its business objectives, in particular - replenish working capital and repay accounts payable to supplier partners.

The Ardis company is engaged in the import and wholesale of food products and special ingredients for bakery, confectionery and meat production, dairy and fat-and-oil products, as well as food spices and flavorings. Products are imported from many European countries such as Austria, France, Spain, as well as from Russia, Ukraine and Georgia.

Ardis LLC is the exclusive representative of the international French dairy concern Lactalis - the world's largest dairy producer and the leader in the production of cheese in Europe.

The company also represents in Armenia the Austrian company Backaldrin, which is a leader in the production of ingredients for the bakery and confectionery industry.

Ardis also represents the Ukrainian company DELTA WILMAR (trading as SANIA), the Austrian company ESAROM; it  is also the official partner of the company PRESIDENT (France-Italy-Russia-Ukraine), importing  the products of Russian companies Ecoresource, Ichnya plant, the group of companies NMZhK (trademarks Khozyayushka, Nezhny and Astoria).

"Successful cooperation with VTB Bank (Armenia) will allow Ardis LLC to implement new business development plans, expand the range of products offered in accordance with the needs of the local market, raise the level of quality and quantitative distribution, taking into account the key trends in the food industry and increase its competitiveness," the bank said.

Lending and servicing medium-sized businesses is one of the priority areas of VTB Bank (Armenia). It is for this reason that the bank attaches strategic importance to the development and implementation of effective banking products and financial instruments, increasing the availability of financial resources and creating favorable conditions for the development of the business of clients in this segment.

The Bank provides a comprehensive package of services for corporate clients; an individual approach to financing is applied to each client, taking into account the specifics of the type of business activity.

More detailed information on lending products to small and medium-sized businesses of VTB Bank (Armenia) can be obtained on the official website of the Bank, at its branches or by calling the Contact Center at 87-87.

The bank is regulated by the Central Bank of the RA. -0-

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Tags: , , Новости Армении АМИ Новости-Армения

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