OREANDA-NEWS. On 17 June 2008 was announced, that as part of strategy for support of SME, TransCapitalBank obtained loan facilities amounting to EUR 8 million for financing of the import transaction related to purchase of modern equipment for producing of oil and fat products. The financing was arranged for purchase of complete line for production and packing of margarines and shortenings from German producer Gerstenberg Schroeder GmbH for delivery and installation on the plant in Serpukhov. The facilities for amount of EUR 1.2 million are financed within clean credit line, which Transcapitalbank enjoys from Deutsche Bank AG.

The facilities for amount of EUR 6.8 million were granted by Deutsche Bank AG and AKA Ausfuhrkredit-Gesellschaft mbH (AKA) and for the period of up to 5 years under Euler HERMES insurance cover. The funds will be utilized exclusively for payment of 85% from the contractual amounts.