OREANDA-NEWS. September 15, 2008. RosEvroBank attracted bi-lateral loan from Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) for amount USD 15 million for 7 years. Funds are intended to support lending programs of RosEvroBank to dealers and end users of German agricultural equipment. Grace period is 2.5 years. DEG is shareholder of RosEvroBank (6% of shares), representative of DEG is member of Board of Directors of RosEvroBank, reported the press-centre of RosEvroBank.

This transaction became the third loan raised by RosEvroBank from KfW Banking Group (in 2005-2006 RosEvroBank attracted 2 loans from KfW for more than USD 15 million), besides since December 2007 RosEvroBank attracted 2 loans from the European Bank of Reconstruction and Development (EBRD) in Russian Rubles and U.S.dollars for more than USD 50 million, tenor is 5 years.

In addition to loans from KfW and EBRD in January 2008 RosEvroBank signed bi-lateral loan agreement with Black Sea Trade and Development Bank for USD 20 million for 6 years. In November 2007 RosEvroBank signed bi-lateral loan agreement with National City Bank for USD 20 million for 5 years (loan is partially guaranteed by OPIC).

Since January 2008 RosEvroBank successfully attracted more than USD 200 million on the international debt markets by means of  both bi-lateral, syndicated loans and credit linked notes, however share of foreign borrowings in the liabilities' structure of RosEvroBank does not exceed 25% (more than 70% comes from domestic customers).