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RUR 1 billion for the economy of the South of Russia

On October 18th Bank Center-invest signed a syndicated loan facility agreement amounting to RUR 1 billion. Mandate lead arrangers of the loan were CJSC “Raiffeisenbank Austria” and Raiffeisen Zentralbank Oesterreich AG.

The term of the loan is 12 months and in accordance with loan agreement it can be extended for another 12 months upon agreement of creditors.

Besides MLAs, the following banks participated in the deal: co-organizer CJSC “International Moscow Bank”; co-leading managers CJSC “Standard Bank” and “ICICI Bank Eurasia” Ltd; managers OJSC Joint-Stock Commercial Bank “Moscow Business World” and CJSC KMB-BANK; a participant “International Bank of Azerbaijan – Moscow”.

“A successful organization of a syndicated loan under current difficult market conditions is another proof of a greater stability of syndicated loans market as compared to other segments of public capital market and also an undoubtful proof of high credit quality of Bank Center-invest” – noted Pavel Gurin, the head of directorate for servicing and financing corporate customers, deputy chairman of the management board of CJSC “Raiffeisen Austria”.

As a result of this success, Bank Center-invest plans to expand lending to SMEs, implementing energy-saving technologies and mortgage lending in the South of Russia and that corresponds with sustainable development principles of Bank Center-invest.

Since the beginning of this year Bank Center-invest has already attracted over 500 million euro into the economy of the South of Russia. The funds are directed to finance investment projects, mortgages, small business development, agro-industrial complex, municipal economy and implementation of energy-saving technologies.