Bank ZENIT has repaid USD 85 Mn syndicated loan
Moscow, October 8, 2007
Bank ZENIT announced that it has repaid a syndicated loan for the amount of USD 85 Mn, granted by a group of banks in October 2006. The sum raised was deployed by the Bank on export-import financing between its customers.
REFERENCE
OJSC Bank ZENIT is one of the leading private financial institutions in Russia offering a universal banking service for corporate customers based on advanced banking technologies. Bank ZENIT is a dynamically developing Russian bank, assigned the ratings by international rating agencies as follows: Bа3/Stable (Moody's) и B/Positive (Fitch).
Apart from Bank Zenit, the following banks are the members of the Banking Group: Joint Stock Bank «Devon Credit» (OJSC) - established in 1992; one of the leading retail and corporate banks in the Republic of Tatarstan. OJSC «Lipetskcombank» - started its commercial activity in 1964 as a municipal branch of the State Bank of USSR. In 1990 it was registered as a commercial bank for social development and construction 'Lipetskcombank'. The priority of the business activity of the bank is end-to-end service of corporate customers and active development of retail banking business. OJSC CB «Sochigazprombank» - established in 1990; focused on the provision of services to all categories of customers - from private depositors to large manufacturing outfits and enterprises.
Banking group ZENIT press-centre
Tel. + 7 (495) 937 07 37, + 7 (495) 777 57 07, e-mail info@zenit.ru
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