OREANDA-NEWS. May 2, 2007. B.I.N.BANK successfully finalized extension and increase of up to $52 million of its Trade-Related Syndicated Loan Facility dated April 06, 2006. The amount of new syndicated loan was increased to US$52 from $40 million while the pricing was reduced to LIBOR+2,8% from  LIBOR+3,2%.

The 364-day term renewed facility was arranged by LandesBank Berlin AG, Raiffeisen Zentralbank Oesterreich AG and OJSC VTB and was underwritten by 18 banks-lenders from different countries. Among them – new partners of B.I.N.BANK.

B.I.N.BANK will apply amounts borrowed under the facility towards the trade related financing of B.I.N.BANK’s clients.