OREANDA-NEWS. TransCapitalBank obtained another MLT loan facility amounting to EUR 1,2 million for financing of the import transaction related to purchase of modern papermaking equipment produced by Toscotec SpA(Italy). The facility was granted by Banca Monte dei Paschi di Siena S.P.A. (MPS Group) for the tenor of up to 4 years. Commercial and political risks under this transaction are covered by Italian SACE. The funds will be utilized exclusively for payment of 85% from the contract amount in f/o the Exporter (Toscotec SpA).

TransCapitalBank continues to develop an active cooperation with international financial institutions and ECAs (including: SACE, Euler Hermes, US ExIm Bank, OeKB, MEHIB, SEC, EDC, KUKE) in order to provide regional Russian companies with long-term financial resources necessary for purchasing of machinery and creation of new manufacturings.