OREANDA-NEWS. January 17, 2007. The Bank of Moscow has bought in the transaction for attracting the syndicated loan for the OAO Baltinvestbank in the amount of RUR 150,000,000. The loan is secured by the guarantee of the OAO Baltinvestbank beneficiaries and also by the cession of legal claim on the credit portfolio. The loan rate was 10 per cent per annum, loan term — 6 months. It should be mentioned that the prolongation of the loan is anticipated for the same period. Participants of the syndicate are OAO Bank Uralsib and OAO Khanty-Manssiyskiy Bank.

Igor Kirillovykh, the Baltinvestbank Chairman of the Board, explained that ’the obtained funds shall be aimed at developing one of the Bank’s priority directions — crediting of the small businesses.

Igor Sukhanov, Managing Director of the Bank of Moscow, the sector "Investment Business", said: "Notwithstanding the complicated situation at the financial market we were able to buy in. Recently we have performed several syndicated loans for banks in the amount of over 1,400,000,000 rubles".