South West | Finance, business

Baltic Bank and Sberbank to loan $125m to Volgograd region

30 Dec '10
The Baltic Bank and Sberbank have been announced the winners of an open tender held by authorities in Volgograd region for nine loan contracts worth a total of $125m, regional officials report.

Under plans, the Baltic Bank is to give three loans worth $26m for up to six months at interest rates between 5.07% and 5.1%.

Sberbank is reportedly to provide six one-year loans worth $99m at interest rates of 5.95-6.3%.
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