OREANDA-NEWS. July 28, 2011. TransCapitalBank obtained another MLT loan facility amounting to EUR 1,5 million for financing of the import transaction related to purchase of modern equipment (complete combined lines for producing of potable and mineral water) produced by Co.Mac S.r.l,Italy.

The facility is granted by Banca Popolare di Bergamo Italy for the tenor of up to 3,5 years. Commercial and political risks under this transaction are covered by Italian SACE. The funds will be utilized exclusively for payment of 70 pct from the contract amount in favour of the Exporter.

Attraction of such MLT financing creates the necessary background for favorable and attractive conditions for TCB's SME customers aimed to modernization of their capital assets as well as increase of their competitive capabilities.

TransCapitalBank continues to develop an active cooperation with international financial institutions and ECAs in order to provide Russian companies with MLT financial resources necessary for purchasing of machinery and creation of new manufacturings.