OREANDA-NEWS. On 05 August 2008 was announced, that Transcapitalbank obtained another MLT loan facility amounting to EUR 1,0 million for financing of the import transaction related to purchase of modern equipment (hydraulic press-shear) produced by Beltramelli SpA,Italy. The equipment is purchased by leasing company for transferring to TCB’s customer.

The facility was granted by Banca Popolare di Vicenza S.P.A., Italy for the tenor of up to 3,5 years. Commercial and political risks under this transaction are covered by Italian SACE. The funds will be utilized exclusively for payment of at about 72 pct from the contract amount in f/o the Exporter (Beltramelli SpA).

Attraction of such MLT financing in combination with leasing package creates the necessary complex of favorable and attractive conditions of equipment purchasing for TCB's customers.

Transcapitalbank continues to develop an active cooperation with international financial institutions and ECAs in order to provide regional Russian companies with long-term financial resources necessary for purchasing of machinery and creation of new manufacturings.