Kraiinvestbank has fully fulfilled its obligations to creditor banks as part of the agreement on the attraction of a Rub 1 bln syndicated loan, the lending institution said in a press release. The loan was provided to Kraiinvestbank on July 19, 2007 by a syndicate of leading banks that was arranged by Raiffeisenbank Austria, Europe’s No. 1 lender.
The syndicate included Russian Development Bank, Eurofinance Mosnarbank, Yapi Credi Bank Moscow, International Bank of Azerbaijan — Moscow, Raiffeisen Zentralbank Osterrech AG and Bank of Cyprus Public Company Limited. State guarantee of the Krasnodar region was collateral for the loan.
