The South-Western Bank of Sberbank of Russia extended to Gloria Jeans a revolving line of credit with a limit for documentary operations in the total amount of 1.9 billion roubles, the bank said.

“The bank opened JSC Corporation Gloria Jeans a multicurrency revolving credit facility with a limit of 1.5 billion roubles for operating expenses and a multicurrency revolving limit for documentary operations in the amount of 400 million roubles,” the financial institution stated.

The term of the agreement is three years. The limit is also open for three years to finance trade operations with unsecured letters of credit to be presented at foreign banks.