Within the Agro loan project VTB Bank has financed Kakhetian Traditional Winemaking company
The amount of financial support for Kakhetian Traditional Winemaking company provided by VTB Bank is 3.35 million GEL. The loan was issued within the fifth component of the Privileged Agro loan project. Mentioned component provides financing Wine factories to purchase grapes.
Within the project of Privileged Agro loans VTB Bank has financed more than 600 entrepreneurs and farmers. Since the beginning of the project the amount of the loan issued by the Bank exceeds 16 million GEL.
Kakhetian Traditional Winemaking company is one of the largest producers of brandy and wine in Georgia. The company exports its products to many markets of the world and in some countries it keeps the dominant position in sales for many years.
The Director of the Corporate Business of VTB Bank Vladimer Robakidze declared:
VTB Bank and Kakhetian Traditional Winemaking company are connected with the three-year partnership relations. Bank VTB provides financial support of the grape processing factories.
Except the loan services we also offer wine producers profitable financial instruments for export, that helps them in establishing relationship with foreign partners.