The need to increase the limits is due to the increased volume of orders, some of which must be implemented without advance payments from customers and with deferred payment. In early autumn, the financial Department of Sintez N prepared the necessary documents and sent them to the Bank. The audit lasted about a month and a half, and as a result, OTKRITIE Bank gave a positive conclusion on doubling the available credit resources.
Today, almost 70% of Sintez N credit resources are held by OTKRITIE Bank, which is one of the ten largest banks in Russia. Such credit organizations always conduct a thorough selection of borrowers, organize monitoring of their financial stability and performance in General. Successful completion of such a test is a guarantee of the reliability of Sintez N and its confident position on the market.
"Given the specifics of our work and the rapid growth of the company, an increase in the credit limit was necessary", said Olga Puchkova, financial Director of Sintez N Group. "At the same time, we clearly understand what projects need funds for, and we are confident that we will be able to return them. OTKRITIE Bank, after evaluating the financial performance of the group of companies, came to similar conclusions."
Sintez N Twice Increased Available Credit Resources
Sintez N has successfully passed the inspection of the main lender – OTKRITIE Bank - and received approval to double the amount of available credit resources
30 October 2019