OREANDA-NEWS. October 18, 2012. Alfa-Bank, Raiffeisen Bank International AG together with Raiffeisen ("RBI Group"), JSC VTB Bank and VTB Bank (Deutschland) AG signed an Agreement for Syndicated Trade-Related Term Loan Facility with JSC "B&N BANK" in the amount of 55 mln USD, reported the press-centre of Alfa-Bank.  

The Facility is structured as a 364-day trade-related syndicated loan with bullet repayment at maturity with the purpose of financing certain export-import trade contracts of B&N’s customers and will be drawn in USD in the mid of October. VTB Bank (Deutschland) AG acts as the facility agent in relation to the Facility.

B&N BANK was founded 1993 as a joint-stock company registered in Moscow to carry out both corporate and retail banking activities. At the end of 2011, B&N Bank ranked 38-th in the country by assets size of RUR 127.3bn or USD 3.95bn as per IFRS and it operates via the sales network of 125 points of sale in 34 regions of the Russian Federation. B&N Bank is currently rated as "B" with stable outlook by Standard & Poor’s (upgraded from "B-"on 28 June 2012)

Founded in 1990, Alfa-Bank is a full-service bank operating in most sectors of the financial market, including retail and corporate lending, investment banking, leasing, trade and structured finance.

Alfa-Bank is Russia’s largest private bank in terms of total assets, total equity, customer accounts and loan portfolio.