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Vozrozhdeniye Bank

March 3, 2005

Vozrozhdeniye Bank and Swedish bank SWEDBANK (ForeningsSparbanken AB (publ)) signed the Export Credit Facility Agreement under the Guarantee of the Swedish Export Guarantee Board (EKN-Exportkreditnamnden)

On March 3, 2005 Vozrozhdeniye Bank and Swedish bank SWEDBANK (ForeningsSparbanken AB (publ)) signed the Export Credit Facility Agreement under the Guarantee of the Swedish Export Guarantee Board (EKN-Exportkreditnamnden). SWEDBANK has opened a credit facility for the amount of EUR 2.55 million to Vozrozhdeniye Bank to finance the purchases of Scania trucks by Russian companies. The loans under the credit facility can be provided for the period up to 3 years. The first Contract of EUR 1.8 million to be financed by the Swedish Bank has already been signed.

In November 2004 the similar Agreement came into force with the German Bank "??? Ausfuhrkredit-Gesellschaft mbH" under the Guarantee of the German Export Credit Agency HERMES Kreditversicherungs-Aktiengesellschaft. In accordance with that Agreement AKA has opened a credit facility for the amount of EUR 5 million. The loans under the credit facility can be provided for the period of up to 5 years. The first loan of EUR 492 000 was made to finance the purchase by the Bank's client of the autocrane LIEBHERR.

 

 

 

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