Last Updated February 01, 2008
RosEvroBank has signed a one-year syndicated loan for US$22.5mn from a syndicate of foreign banks led by Rosemount Global Trade Finance Fund and National City Bank.
Banks from Portugal, Slovenia, the Netherlands and Russia also participated in the facility. The funds will be used for financing export-import transactions of the bank's clients. The margin is said to be approximately 2.90% plus Libor.
At the end of December, RosEvroBank also signed a loan agreement with the EBRD for RUR620mn for five years. The funds will be used to support small and micro-lending programmes of the bank.
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