EU – CIS, Financial Services, Latvia, Russia, Technology
International Internet Magazine. Baltic States news & analytics
Saturday, 20.04.2024, 00:53
ELKO Grupa subsidiary receives 1bn RUB loan from VTB Bank
The RUB 1 billion loan has been granted
under an agreement signed on July 1 between VTB Bank and Alma LLC to finance
the company’s current assets and mitigate the exchange risks of the Russian
ruble.
ELKO Grupa, established in 1993, is one of
the largest IT product wholesalers, solutions and services experts in Eastern
Europe with active business expansion in Central Asia.
Elko Grupa sells more than 20,000 goods of
the world's most popular brands, such as Acer, Apple, Asus, Dell, HGST, Intel,
Kingston, Lenovo, Microsoft, Seagate, Supermicro, Western Digital and others.
Elko Grupa employs more than 700 people.
The group belongs to several legal entities and investment fund Amber Trust.
In 2015, Elko Grupa turned over EUR 1.139
billion and earned EUR 19.7 mln profit.