OREANDA-NEWS. On December 24, 2007 Eurasian Bank has successfully repaid USD 70 million of Tranche A Facility (370 days) of the syndicated loan raised in December 2006, reported the press-centre of Eurasian Bank.

This syndicated loan in the amount of USD 110 million comprising two Tranches of 370 days and 2 years was provided to Eurasian Bank by a syndicate of foreign banks. Deutsche Bank AG, London Branch and Raiffeisen Zentralbank Osterreich AG were appointed as Mandated Lead Arrangers for this deal.

The proceeds of the Facility were used for financing of import and export contracts of the Bank’s customers.

Full and timely repayment of the Facility confirmed the Bank’s adequate liquidity level, its reliability and strong financial standing.

According to unconsolidated unaudited financials, as of 1 December 2007 the Bank’s assets reached KZT 179,7 billion, own capital amounted to KZT 28,7 billion. The Bank’s net income for 11 months of 2007 amounted to KZT 2,5 billion (official exchange rate of the National Bank of the Republic of Kazakhstan as of 1 December 2007 was equal to KZT 120,87 for USD 1). The Bank’s branch network as of 1 December 2007 included 17 branches and 39 sub-branches.