The Central regional center of Raiffeisenbank and JSC Konti-Rus (both based in Russia) have signed credit agreements totally worth 400 million Russian rubles.

According to a posting on the company's website, the renewable credit line was opened for one year.

The funds will be used to replenish working capital.

Konti-Rus said that the company started financial cooperation with the bank in 2014. Then the bank opened a credit line of 400 million rubles. The funds were used to replenish working capital in relation to expansion of business in Russia.

Konti was founded in 1997. It consists of JSC Konti and JSC Konti-Rus. Its main production assets are located in Donetsk, Kostiantynivka, Horlivka confectionery factories (Ukraine), and two factories in Kursk (Russia). Its main brands are Amour, Bonjour, SuperKontik, Belissimo, BisKonti, and Jack.

The main beneficiary of Konti is Borys Kolesnikov.