26 Aug 2013 13:14

Bank Rossiya sets $50 mln credit limit for Acron

MOSCOW. Aug 26 (Interfax) - The credit committee at AB Rossiya has decided to extend fertilizer-maker OJSC Acron a $50 million credit limit for up to three years, a bank press release says.

The money will be used to finance ongoing company operations.

The Acron holding is one of Russia's largest mineral fertilizer producers, including compound fertilizers (NPK and bulk blends) and (urea, AN, UAN). Its main production enterprises are OJSC Acron (Veliky Novgorod), OJSC Dorogobuzh (Smolensk region) and Hongri Acron (China).

Bank Rossiya ended the first half of this year in 16th place by assets on the Interfax-100 ranking of Russian bank size.