Bloomberg News

Russia’s Biggest Shoe Retailer Signs Sberbank Loan

May 25, 2012

ZAO Torgovy Dom Tsentrobuv, Russia’s biggest shoe retailer, signed a 5 billion rubles ($157 million) loan agreement with OAO Sberbank (SBER) until May 22, 2015, the retailer said in a statement on its website.

The loan deal totals about 7.1 billion rubles ($222 million) including interest rates payable for the use of the loan, according to the statement.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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