OREANDA-NEWS. December 22, 2008. JSB ORGRESBANK has provided loan funds to the Metalloinvest Holding of over 120 million USD with a one-year tenor. The purpose of the loan is to finance operation of OJSC Ural Steel and several other subsidiaries, reported the press-centre of ORGRESBANK.

ORGRESBANK has cooperated with the Metalloinvest Holding since 2005. During this period the Bank has had strong partner relations with the Company and gradually increased loan amounts to finance the Holding’s operation.