OREANDA-NEWS. August 31, 2011. Paritetbank OJSC has signed Syndicated Term Loan Facility for the total amount of USD 8 million arranged by three banks: the Eurasian Development Bank (Republic of Kazakhstan), JSC "BPS-Bank" (Republic of Belarus) and JSCB "Novikombank" (Russia).

The funds are granted for the tenor of 12 months and will be used by Paritetbank for general development projects, including projects in trade finance.

According to the Deputy CEO of Novikombank Elena Shirinskaya: "Successful implementation of this transaction, which reflects high level of trust between Belarusian and Russian banks, will further promote economic and financial relations between two countries. For Novikombank — this is next step on strengthening and expansion of our cooperation with CIS financial institutions."