OREANDA-NEWS. Sberbank CIB has organised a three-year RUB 2.5 bln loan for NEFIS Group. The funds were used to refinance the company's debt to other commercial banks. As a result, the overall amount of financing provided to NEFIS by JSC Sberbank of Russia will exceed RUB 17 bln.

"We have worked with NEFIS Group for many years and we highly value this partnership. We provide the Group's companies with a complete range of banking services, including the core product, lending. I am certain that our cooperation will continue to develop and that we can look forward to many joint projects and exciting deals," commented Dmitry Sredin, Managing Director, Client Management Department.

NEFIS GROUP is one of Russia's largest producers of fast-moving consumer goods, including oil and fat products and household cleaning products. The Group's companies possess modern production facilities and occupy leading positions on their markets. Nefis Cosmetics OJSC is the only Russian producer of household cleaning products that successfully competes with transatlantic corporations such as Procter & Gamble and Henkel.