Rosbank opened three credit lines on the total amount of 750 million rubles for PJSC «Kamchatskenergo»

Rosbank opened three revolving credit lines with a total aggregate limit of 750 million rubles for PJSC «Kamchatskenergo», part of RusHydro group.

One of the largest enterprises of the Far East fuel and energy complex attracts funds for a period of 2 years in order to finance current activities of the enterprise, including the payment to fuel suppliers. During the whole drawdown period there is a possibility of an early repayment at no extra cost.

In November, 2017 Rosbank also opened for PJSC «Kamchatskenergo» two revolving credit lines on the amount of 558 million rubles for a period of 2 years.

Thus, the total amount of financing for the company based on the results of Rosbank winnings in the last two auctions exceeded 1.3 billion rubles.

«PJSC «Kamchatskenergo» is one of the most important Rosbank strategic partners not only in the Kamchatka region, but in the entire Far East territory. Since 2013 Rosbank and Kamchatskenergo have completed 20 loan agreements on the total amount of 4,7 billion rubles. All of them were concluded with the company following the bank’s victory in the tendering procedures, conducted through electronic trading platforms. We hope that our historically mutually beneficial and complex cooperation will continue in the future», - said Elena Kutsenko, Rosbank Corporate Client Director in the Far East.

PJSC «Kamchatskenergo» is the main electricity supplier in the Kamchatka Territory. In addition, the company produces more than a half of thermal energy for Petropavlovsk-Kamchatsky. Rosbank and PJSC «Kamchatskenergo» have been cooperating for 13 years on a whole range of directions: lending for a working capital, cash management services for current operations, servicing of company’s employees in the framework of payroll program.

In addition to lending, Rosbank takes part in PJSC «Kamchatskenergo» tenders for the right to issue bank guarantees.