Sberbank CIB launched a credit line for Regions Group in the volume of $500mln, the Bank informed.
The credit line covers 10 years and is backed by the projects realized in different towns.
The raised funds will be spent to cover the current debts and development of new projects.
Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. It has 67.76bn rub. in share capital split in 21586948ths common stocks and 1bn preferred stocks of 3 rub. par. The Bank of Russia keeps 50%+1 voting stocks in Sberbank. The Bank has 17 regional branches; subs in Kazakhstan and Ukraine.
The IQ 2013 net profit (RAS) rose 1.3% to 128.9bn rub. from 127.3bn rub. prior year period.
The IQ 2013-net profit moved down 4% (IAS) to 88.5bn rub.
"AK&M", 14:46, 05.09.2013 1251 AKM,BNK