Credit agreement with Nordic Investment Bank

MDM Bank has signed a 7-year, EUR30 mn credit agreement with Nordic Investment Bank. Under the terms of the agreement MDM Bank can obtain funds from Nordic Investment Bank to finance Russian investment projects in which a part of the goods or services involved originate from Scandinavia or the Baltic states. The funds can be used to pay for imported goods and services and also import duties, taxes and construction costs associated with the projects.

Michel Perhirin, CEO and Chairman of the Management Board of MDM Bank commented: “This agreement with Nordic Investment Bank will allow MDM Bank to provide new, long-term financing products to corporate clients that have business ties with the Scandinavian and Baltic countries”.

Files:

20070207- Credit Agreement.pdf download (18k)

Latest News TransCreditBank arranged AHML's bonds On a Meeting of the Russian Development Bank's Supervisory Board B&N Bank has repaid the Syndicated Loan amounted to USD 27 mln. Vnesheconombank Chairman Vladimir Dmitriev's Briefing on the Results of Vnesheconombank's Supervisory Board Meeting Annual General Meeting of Shareholders was held on June 26, 2009 LOCKO-Bank successfully repaid it’s RUR Eurobond issue On Payments on Eurobonds Transaction with GC "ESTAR" has been cancelled TransCreditBank paid more than 99 % of 2008 dividends Production and Trade Company "Agromat Ltd." Fulfils its Obligations on Payment of Interest Income of Series À, Â

Vnesheconombank Supervisory Board Regular Meeting Held Russian Prime Minister V.V. Putin chaired a meeting of Vnesheconombank (VEB) Supervisory Board: we need to discuss Vnesheconombank's participation in implementing the Government's measures to cope with the crisis, including the Bank’s participation in the programs designed to support small and medium-sized business. [Read...]