Socit Gnrale to Grant a RUR 3.9bln. Subordinated Loan
Rosbanks shareholder Société Générale will allocate in September a 7-year RUR 3.9 bln subordinated loan at an annual interest rate of 8%.
The subordinated loan will permit to further increase the shareholders capital of Rosbank, which, according to the banks chairman of the board Mr. Alexander Popov, complies with the business development strategy.
This transaction demonstrates the interest of our shareholders in promoting Rosbank in financial services market, effective use of its potential and full implementation of its competitive advantages, underlined Mr. Popov.