OREANDA-NEWS. September 30, 2011. JSC VTB Bank has set a RUB 4 bln credit limit to R-Pharm Company which is one of the leading pharmaceutical holdings in Russia. The funds provided within the limit will be used to finance the company’s currency activities, reported the press-centre of VTB.

Citing Yuri Soloviev, First Deputy President-Chairman of VTB Bank Management Board, “The pharmaceutical industry has a huge growth potential and is of strategic importance for the social and economic development of the country.

Having set partnership relations with the recognized leader of the industry, R-Pharm Holding, we consider it a success in implementing VTB plans to develop cooperation with pharmaceutical companies.”

Forreference:
CJAC R-Pharm is a Russian pharmaceutical company established in Moscow in 2001. Within the scope of the company are: research and development, manufacturing, marketing and wholesale deliveries of pharmaceuticals to the hospital sector. In 2010, thecompany’sturnoverreachedUSD 1.3 bln.