OREANDA-NEWS.  March 20, 2008. Bank Vozrozhdenie has roll-overed syndicated loan initially attracted on March 21, 2007 from a group of foreign banks for another 1 year.

Loan amount was increased from initial \\$50 million to \\$59.75 million inter alia due to participation of new lenders. The interest rate of the loan remained at the initial level of LIBOR +1.8%.

Bank Austria Creditanstalt AG (member of Unicredit Group) and Landesbank Berlin AG arranged the roll-over. 15 foreign banks and 2 Russian banks with foreign capital participated in syndication.

Raised funds will be used to finance export-import operations of the Bank’s clients.