Siberia | Finance, business

Sberbank loans auto dealer Krepost $11m

16 Jun '10
Krasnoyarsk-based Toyota auto dealer Krepost is to open a $10.8m non-revolving line of credit with Sberbank, the bank reports.

The funds are reportedly to be loaned for seven years, the interest rate has yet to be disclosed.

Under plans, the funds are to be invested into construction of a Lexus dealership center in Krasnoyarsk.
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Locations: Krasnoyarsk

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