LenSpecSMU and Ural Bank of Reconstruction & Development sign an agreement on the opening credit line in the amount of RUB 300 mn

23.10.2013

The Ural Bank of Reconstruction & Development and Specialized Construction and Assembly Association and CJSC SSMO LenSpetsSMU (part of Etalon Group) have signed an agreement to open a credit line in the amount of RUB 300 mn and with a repayment term of 1.5 years. The credit line may be used by LenSpecSMU to replenish the company's working capital.

REFERENCE

The Ural Bank of Reconstruction & Development has been active in the finance market for over 23 years. UBR&D is on the list of Russia’s largest banks, as compiled by Forbes magazine. As of October 1st, 2013, its capital totaled 16.8b rubles, while its total loan portfolio exceeded 113b rubles and its asset base totaled 189.2b rubles. UBR&D, with 460 offices in 64 regions throughout the country, is currently one of the top ten Russian banks, and has one of the largest office chains.

CONTACT DETAILS:

Mikhail Dukhovny

CCO +7 (812) 348-21-25

Mikhail.Dukhovny@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com