Joint Stock Commercial Bank 'Rosbank': Rosbank finance Rostelecom
EquityStory.RS, LLC-News: Joint Stock Commercial Bank 'Rosbank' / Key
word(s): Miscellaneous
Joint Stock Commercial Bank 'Rosbank': Rosbank finance Rostelecom
25.10.2011 / 10:00
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Rosbank finance Rostelecom
Rosbank had participated in an open competition for contracts to open
credit lines for JSC 'Rostelecom' and won two lots. According to the
results Rosbank provides Rostelecom financing under a non-revolving $ 6
billion credit line for one year period and will open a revolving credit
facility with a limit of 6 billion rubles for a 3 years period.
The deal was a part of cooperation between a Societe Generale's group,
which owns a controlling stake in Rosbank, and regional Svyazinvest group's
telecom operators, united on the basis of OJSC 'Rostelecom'.
Since 2007 Societe Generale's Russian subsidiaries have been providing
financing for Rostelecom's companies, holding finance trade and cash
management services. Due to the accumulated experience and interest in
expanding cooperation with JSC 'Rostelecom' Rosbank managed to ween a
contest.
Vladimir Golubkov, Rosbank's Chairman of the Board: 'The telecommunications
industry is one of the most attractive for bank financing. This segment
grows actively, and is resistant to the crisis in real economy. Demand for
telecommunications service increases, a range of approaches expends,
creating a good basis for future profitability. Therefore, huge
telecommunications operators with diversified business can count on the
most favorable conditions to attract credit resources'.
End of Corporate News
---------------------------------------------------------------------
25.10.2011 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
143332 25.10.2011
EquityStory.RS, LLC-News: Joint Stock Commercial Bank 'Rosbank' / Key
word(s): Miscellaneous
Joint Stock Commercial Bank 'Rosbank': Rosbank finance Rostelecom
25.10.2011 / 10:00
---------------------------------------------------------------------
Rosbank finance Rostelecom
Rosbank had participated in an open competition for contracts to open
credit lines for JSC 'Rostelecom' and won two lots. According to the
results Rosbank provides Rostelecom financing under a non-revolving $ 6
billion credit line for one year period and will open a revolving credit
facility with a limit of 6 billion rubles for a 3 years period.
The deal was a part of cooperation between a Societe Generale's group,
which owns a controlling stake in Rosbank, and regional Svyazinvest group's
telecom operators, united on the basis of OJSC 'Rostelecom'.
Since 2007 Societe Generale's Russian subsidiaries have been providing
financing for Rostelecom's companies, holding finance trade and cash
management services. Due to the accumulated experience and interest in
expanding cooperation with JSC 'Rostelecom' Rosbank managed to ween a
contest.
Vladimir Golubkov, Rosbank's Chairman of the Board: 'The telecommunications
industry is one of the most attractive for bank financing. This segment
grows actively, and is resistant to the crisis in real economy. Demand for
telecommunications service increases, a range of approaches expends,
creating a good basis for future profitability. Therefore, huge
telecommunications operators with diversified business can count on the
most favorable conditions to attract credit resources'.
End of Corporate News
---------------------------------------------------------------------
25.10.2011 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
143332 25.10.2011