OREANDA-NEWS. June 02, 2014. Sberbank CIB has organised the provision of bank guarantees to Traditions of Quality (Synergy Group) worth RUB 10 bln and a loan worth RUB 2 bln to finance current operations.

The guarantee agreement has a term of 36 months and the guarantees and tranches under the agreement have a term of 12 months.

The guarantees are issued in favour of tax authorities, the Interregional Department of the Federal Service for Alcohol Market Regulation and the Central Excise Authority of the Federal Customs Service of Russia.

The Sberbank Group has cooperated with the Synergy Group since 2007. This deal enables the Sberbank Group to take the next step in developing its long-term partnership with one of the industry’s most efficient companies. “Our cooperation is an excellent example of long-term partnership. We value the strong and lasting relations between our companies and intend to continue helping the Synergy Group reach its objectives,” commented Dmitry Sredin, Managing Director, Client Management Department.

Traditions of Quality is part of the Synergy Group and is its largest factory. It produces strong alcoholic beverages under the Beluga, Belenkaya, Myagkov, and Russky Lyod brands.