Russia

EBRD US$10m loan to boost SME financing

URALSIB bank has received a second sum of US$10 m from the European Bank for Recostrunction and Development (EBRD) to be used to continue the Russian Small Business Fund programme, giving loans to small businesses.

Gazprom transfer Moldovagaz receivables debt worth US$1.2 bn

Gazprom has transferred its receivables from Moldovagaz for natural gas delivered in 1997-2004 worth US$1.2 billion to

Government to canvass liberalisation of factoring transactions

Russia's ministers met yesterday to canvass liberalisation of factoring transactions. Economic Development Minister German Gref, who calls for abolishing licenses for this business, has to overcome severe opposition of bank community

Nomos-Bank develops export and trade finance services, doubles net income

Nomos-Bank ranks among Russia's 20 largest banks in terms of equity and assets, among top five players in the factoring market and

Korea Eximbank loan to Alfa Bank increased to US$80m

Alfa Bank has signed an agreement with The Export-Import Bank of Korea on increasing a loan Alfa Bank received in 2004 to US$80m from the original US$50 m, the Russian bank announced.

The two banks on December 31, 2003

Are Russian securitisations just around the corner?

An article by Guy Grayson and Emmie Rackham. Guy has a wide-ranging experience of international capital markets and corporate finance transactions derived from time spent in London, New York and Moscow.

Sibakadembank’s small - and medium-sized loan programme gets large cash injection

Sibakadembank has raised a syndicated loan for the bank’s small and medium-sized business loan programme, totalling more than US$40 m, the bank has announced. The bank also claim it will be used for retail credits.