OREANDA-NEWS. September 20, 2007. JSC "Belagroprombank" prolonged debut syndicated loan, attracted by the bank in August 2006 in sum of 30 mln. Euro, for another year. The organizers of syndicated loan were JSC VTB Bank (Russian Federation) and VTB Bank Europe plc (Great Britain). More than 10 banks from Europe, Asia and Russian Federation took part in this transaction.

The syndicated loan rate was decreased to the level of Libor + 3,45 per cent. Earlier the credit rate was Libor + 4,00 per cent per annum. At that the amount of syndicated loan was remained the same. It is necessary to note that together with extra expenses, accompanying realization of transaction, prolongation of syndicated loan of JSC "Belagroprombank" was accomplished at a low for Belarusian banks cost. Successful prolongation of syndicated loan confirms financial stability and effective work of JSC "Belagroprombank", and also testifies the interest of the leading financial institutions in the development of further cooperation with JSC "Belagroprombank".