ChTPZ has concluded agreements on the cancellation of contracts of ChTPZ and PNTZ share pledge with its bank-creditors – Gazprombank and VTB.
At present the group has no pledges on its loan portfolio.
“The constant work to improve operation, control of our loan pledges and a constructive approach on behalf of the banks allowed us switching to crediting without pledges”, ChTPZ CFO Valeriy Borisov said. (Ukrainian metal)