MOSCOW, November 30 (RIA Novosti) - Russian Standard Bank said Wednesday that it had secured a $95.7 million syndicated loan to develop its own lending business.
"The deal is the largest syndicated ruble-denominated loan on the Russian market so far," the bank said in a press release.
The loan has a term of one year and an interest rate of 8.5%.
The syndicate includes six banks: International Moscow Bank, Dresdner Bank, ING Bank N.V., Gazprombank, Reiffeisenbank, and Khanty-Mansi Bank.
Founded in 1999, Russian Standard is a leading provider of loans for private individuals. In the year's first nine months, its assets reached $2.3 billion, and its own capital came to $302.8 million.
