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08.04.2008 /Operations B.I.N.BANK repaid in full syndicated loan for U.S. $ 52 mln.

On 3 April, 2008 B.I.N.BANK repaid in full syndicated loan for U.S. $ 52 mln. subject to the Syndicated Trade-Related Term Loan Facility (dated 6th April 2006 as amended and restated by the Amendment and Restatement Agreement dated 30 March 2007). Currently Bank plans to launch a new syndicated loan in May to finance its trade contracts and considers such possibility with potential participants.

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VTB and Japanese Group SMBCE sign a Cooperation Agreement

The Agreement is aimed at further strengthening partnership relations between VTB Group and Japanese Group SMBC and enhancing interaction along the whole range of banking services, including settlement in Russian Rubles, financing international trade operations, investment project support, treasury operations and operations in international capital markets. [Read...]