03 June 2004 04:21
EBRD loans $125 mln to two Societe Generale subsidiaries (Part 2)
MOSCOW. June 3 (Interfax) - The European Bank for Reconstruction and Development has allocated a total of $125
million to two Societe Generale subsidiaries in Russia to help private Russian companies receive access to mid-term
loans and encourage consumer loans and mortgages, the EBRD reported.
Fifteen foreign banks allocated funds for the EBRD loan.
Societe Generale Vostok (BSGV) will receive a five-year $75 million loan for corporate financing and a 12-year $25
million loan for retail market financing.
BSGV Leasing, the other subsidiary, will receive a five-year $25 million loan for financing leasing deals, the EBRD
said. [RU ASIA EUROPE EEU EMRG BNK LOA WEU FR CORA] me
[Interfax] |
RUSSIA IN FACTS
