Banks to provide loan to Spasskcemen

Banks to provide loan to Spasskcemen
Published: 16 August 2007

The Siberian branch of Raiffeisenbank Austria and the Vladivostok branch of Impexbank have signed an agreement to provide a club loan to Spasskcement based in Spassk Dalny (Russia’s Far East). The loan will total RUR300mn ($11.8m), with each bank providing its half of the loan for three years.


Raiffeisenbank Austria and Impexbank are subsidiaries of Austria’s Raiffeisen International Bank-Holding AG.