PAVA obtains extension of the lending limit from Bank of Moscow
Bank of Moscow increased availability of credit for PAVA to finance grain purchases for milling business


BARNAUL, RUSSIA, November 19, 2009 /24-7PressRelease/ -- According to OJSC PAVA financial department, the Bank of Moscow granted an additional lending limit to the company to the amount of RUR77 mln. The agreement, signed in October of the current year, follows a positive revaluation of the company's collateral which significantly increased availability of the credit facilities. The funds are intended for purchase of grain to be processed on PAVA mills with the total daily capacity of 1,500 MT.

The grain processor attracts credit resources in the largest Russian and international banks, enjoying reputation of a reliable partner with a well-defined and dynamic growth strategy. It should be noted, that the large scale of activities enables the company to obtain RUR loans which have a minimal interest rate of 13.5%.

PAVA is one of the leading grain processors in Russia. The company specializes in production of flour of different grades, cereals, bran and animal feed. Today, the primary development goal is transition to a vertically integrated business model, which includes active expansion of farming and implementing the deep wheat processing project.

About PAVA OJSC

OJSC PAVA is known as one of the three leading operators on the Russian grain processing market. Its principal activities are manufacturing and distribution of such products as flour of different grades, cereals, confectionery and animal feed.

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Press Release Contact Information:

Yulia Chebotareva
PAVA OJSC
PR manager
Pushkina 38
Barnaul, Altay region
Russia 656049
Voice: +7 3852 630155
Website: Visit Our Website