Wednesday, 20 june 2007

Cooperation between Absolut Bank and BALC

Cooperating with a new bank offers new financing opportunities.

Absolute Bank (Russia) approved a credit facility for BUSINESS ALLIANCE for the amount of USD 1.2 million to finance equipment delivery for "Diatomovy Kombinat" (Diatomaceous Industrial Complex). This is the first in a series of successful cooperation with this bank.

Diatomovy Kombinat Ltd. (established in 1928) is the leading Russian manufacturer of high quality insulating products.