3 December 2004 was signed the Agreement on the opening of the European Bank for Reconstruction and Development credit line Absolut Bank in the amount of $ 10 million for 4 years.
The funds will be directed to the credit of small and medium-sized businesses in the program of Development Bank in Moscow and Moscow region, particularly at middle and long-term funding programs for the establishment and modernization of production equipment, the financing of working capital, pre-export financing.
Being an active participant in the credit market, Absolut Bank has accumulated considerable experience in financing small and medium-sized businesses, which will allow the Bank to use the funds as efficiently as possible.
opening line of credit is the next stage of Absolut Bank's cooperation with the European Bank for Reconstruction and Development.
Absolut Bank is also involved in promoting international trade in the European Bank for Reconstruction and Development since early 2004. In October 2004, the Bank increased the amount of guarantees Absolut Bank for 15 million U.S. dollars the total size of the EBRD guarantees for foreign trade activities of customers Absolut Bank is 20 million U.S. dollars with a maximum term of 2 years.
Absolut Bank's Cooperation with the European Bank for Reconstruction and Development is a testament to the high level of financial sustainability of Absolut Bank, a natural result of activities in the Russian and international financial markets.
Press Service Bank «Absolut Bank» (JSC)
(095) 935-50-01
Fax: (095) 777-71-60
g . istratova @ absolutbank . ru
