OREANDA-NEWS. December 25, 2008.  The Bank of Moscow has signed a Multi-Currency Syndicated Term Loan Facility in the amount of USD 177 Million provided by the club of western banks for the period of 2.5 years.

Interest rate: LIBOR + 1, 5%.

"Despite difficult market conditions, we have managed to raise international funding for 2.5 years, that serves as an evidence of our reputation, credibility and prudent risk management", says Pavel Gorbatsevich, Vice President of the Bank of Moscow.

The borrowed funds will be used to provide credits to corporate clients and to finance other operations of the Bank of Moscow.