OREANDA-NEWS. August 13, 2008. Alliance Bank (LSE: ALLB) announced that it has signed a bilateral loan agreement with Merrill Lynch International for the amount of USD 95 million maturing on January 20, 2010. The loan bears a fixed interest rate of 9.67% per annum, reported the press-centre of Alliance Bank.

The loan proceeds will be applied for general purposes of the Bank.  Alliance Bank continues to maintain leading positions in the retail and SME business segments.

According to Anvar Khaltaev, the Managing Director at Alliance Bank, the fact itself of such transaction, concluded with one of the renowned international financial institutions as well as the size and pricing level are a confirmation of confidence and interest of international investors towards banking system of Kazakhstan, especially in the current environment of limited access to international capital markets.