OREANDA-NEWS  On 28 October was announced, that as part of strategy for support of regional enterprises, TransCapitalBank obtained loan facilities amounting to SEK 30 million for financing of the import transaction related to purchase of timber processing equipment. The financing was arranged for purchase of tailor-made sawline from well-known Swedish producer AriVislanda AB for delivery and installation on the plant in Syktyvkar.

The facilities for amount of SEK 30 million were granted by Landesbank Berlin AG, Germany and for the period of up to 5 years under insurance cover of The Swedish Export Credits Guarantee Board (EKN). The funds will be utilized exclusively for payment of 85% from the contractual amounts.