Bank VTB North-West has opened a credit line for FOR Group of companies in the amount of 1.3 billion rubles for a 36-month term. The loan will be used to boost the fishing business in Kaliningrad, bank statement said.
Group of companies FOR is one of the largest fishing companies in the North-West of Russia and the largest in Kaliningrad, where its fleet is based. FOR Group is a leading Russian producer of fish products. Representative offices of the company are located in St. Petersburg, Kaliningrad and Murmansk.