OREANDA-NEWS. August 29, 2008. URSA Bank is pleased to announce the full repayment on August 19, 2008, of the one-year tranche of the syndicated loan raised in August 2007, thus confirming the Bank's committment to timely and complete servicing its debt obligations. The principal amount of the first tranche was USD104.25m.

The second two-year tranche of this synidcated loan has USD120.75m in principal, and comes due in August 2009. The loan was arranged by URSA Bank's long-time partners Standard Bank, WestLB, MUFG, and Unicredit. 

Since August 2007, URSA Bank has successfully completed two syndicated loans in the total amount of USD375m, including a four-year facility of USD75m, which is a testament to the the strength of URSA Bank's relationship with its partners worldwide.

URSA Bank is a Top 15 bank in Russia by assets, rated Ba3/B+, with assets and equity at USD7.5bn and USD1.3bn, respectively.