OREANDA-NEWS. May 21, 2009. DTEK, the leader of the Ukrainian energy market, is pleased to announce that it has signed a loan agreement with Sberbank, granting the group a USD 15 m loan. The loan term is 18 months.
 
DTEK is one of the first Ukrainian companies to cooperate with Sberbank of Russia. For DTEK, which has the extensive experience of working with Ukrainian and international banks, the loan agreement with Sberbank marks its first step in accessing the Russian financial market.
 
Yuriy Ryzhenkov, DTEK’s CFO, commented:
 
‘This loan agreement marks the start of DTEK’s cooperation with the largest bank in the Eastern Europe. It is a notable event for our company and demonstrates the trust gained by DTEK in the investment community. DTEK continues to meet its liabilities in full, within the agreed deadlines, and, even in the continuing credit crunch, can still attract the required finances’.
 
Igor Yushko, Chairman of the Board of Sberbank of Russia (Ukraine), noted:
 
‘Broadening our presence in the CIS countries is one of the strategic targets of our bank in the mid-term. It’s obvious that Ukraine, with its huge industrial potential, is of primary interest for us. Cooperation with the companies like DTEK – having an excellent reputation, good operational performance and conservatism in the area of finance – is of considerable interest for us’,