Last Updated October 12, 2011
Sberbank secures WestLB funds
Russia’s Sberbank has secured a four-year US$50mn loan from WestLB for trade-related purposes.
This is the third such bilateral facility between WestLB and Sberbank over the past year.
“We are pleased to once again cooperate with Sberbank in the sphere of trade finance,” says Alik Kassner, WestLB’s head of origination for Russia.
“The four years tenor of financing proves the trustful relationship with Sberbank, notwithstanding current volatile markets.”
Sberbank also pulled in a five year US$100mn pre-export finance loan from JP Morgan in September.
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