Rosbank granted a loan to “ALROSA” joint stock company at the sum of $250 million

    11 December

A loan amounting to $250 million with a period of 1 year was granted to a Russian state mining company “ALROSA” in the framework of earlier set up revolving credit line on the sum of $300 million. The money is drawn to refund the loan balance for already existing loans with a lower interest rate and to reduce financial expenses.

“ALROSA” company is a significant client for Rosbank. Rosbank is a part of Societe Generale Group that cooperates with the world leader of diamond-mining industry since 1998. We are glad that the new important deal was carried out successfully and we hope that this agreement will accelerate further development of our interrelations”, - commented Ilya Polyakov, First Deputy CEO of Rosbank and Chief Country Officer for Russia, Societe Generale Corporate & Investment Banking

Earlier Rosbank won tenders of “ALROSA” company on the attraction of free money of the company and plans to take part in tenders on trade finance in future.