OREANDA-NEWS. On December 20, 2007 Moscow Bank for Reconstruction and Development has signed a $50 mln USD loan agreement with VTB Europe and VTB Austria. The term of the facility is three years, reported the press-centre of MBRD.

The facility was provided by VTB Europe and VTB Austria with VTB Europe being an agent-bank.

The present agreement with VTB Europe and VTB Austria is the third MBRD’s deal in 2007 on attracting international funding. This May MBRD signed an agreement with Dresdner Bank on provision of $50 mln USD general purpose loan with 2 year maturity and in August MBRD attracted $35 mln USD from VTB Europe.

“The transaction we implemented is a clear evidence of our active work in debt capital markets. This loan is a mid-term resource supporting our strategic goals”, Sergey Zaytsev, Chairman of the Management Board, noted.