LenSpetsSMU redeems fifth tranche of Raiffeisenbank credit line

24.08.2015

On 24 August 2015, CJSC SSMO LenSpetsSMU redeemed in full and on time the fifth tranche of its multicurrency credit line with Raiffeisenbank in the sum 96.7 mn rub.

With the redemption of the fifth tranche, credit line debt has decreased to 387 mn rub.

REFERENCE:

CJSC SSMO LenSpetsSMU in the framework of bilateral agreements with Raiffeisenbank received credit lines for a total amount of USD 57.9 mn and 870.6 mn rub.

Currently there is credit line, opened by Raiffeisenbank in August 2013 up for the period of 3 years, which was drawdown in a total of 870.6 mn rub.

The North-West regional center of Raiffeisenbank is one of the largest branches of the bank with foreign capital in the North-West region. The number of corporate clients exceeds 9200, most of which are representatives of the petroleum, chemical, automotive, construction, food, transport industry and the retail trade. The number of retail clients is more than 485 thousand people, among whom the proportion of payroll clients is 22%. Credit portfolio – 86.86 bn rub. Client’s accounts – 72.76 bn rub. Branch network has 16 subsidiary offices in St. Petersburg and 6 in North-West region (2 in Cherepovets, 2 in Kaliningrad, 1 in Syktyvkar and 1 in Petrozavodsk). Data as of 01.01.2015.

CONTACT DETAILS:

Savchuk Ksenija Valer'evna

Head of Public Relations

+7(812) 348-21-25, e-mail: Kseniya.Savchuk@etalongroup.com

Yana Yashchenko

Deputy CFO

+7(812) 349-38-40, e-mail: Yana.Yashchenko@etalongroup.com