Banks to provide loan to Spasskcemen

Banks to provide loan to Spasskcemen
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. 

Published under Cement News