MOSCOW, October 20 (RIA Novosti) - Sberbank [RTS: SBER], Russia's state-owned household savings bank, said Friday it has signed a $1.5 billion syndicated loan agreement.
The signing ceremony in Moscow was attended by representatives of 30 foreign banks, Sberbank President Andrei Kazmin said.
"This is the largest unsecured syndicated loan that has ever been issued to a financial institution in Russia or other CIS countries," the bank said in a news release.
The three-year loan, at Libor+0.3%, is syndicated by ABN AMRO Bank N.V., Barclays Capital, and JP Morgan.
Sberbank is Russia's largest bank, with 60.57% of its shares controlled by the Central Bank. Its equity as of August 1, 2006 stood at 311.8 billion rubles ($11.5 billion).
