Alfa-Bank Russia Signs Agreement on US $60 mln Syndicated Loan to Belarusbank
02 Mar 2010

Alfa-Bank Russia was a mandated arranger in the US $60 mln syndicated loan to Belarusbank (Minsk), which was attracted in order to finance trading activities.

Intesa Sanpaolo S.p.A.  and VTB Bank were the primary mandated arrangers.

Other participants in the loan were: OTP Bank plc. (mandated arranger); FBN Bank (UK) Ltd., London Forfaiting Company Limited, Investtorgbank (lead managers); AKA Ausfuhrkredit-Gesellschaft m.b.H., and Atlantic Forfaitierungs AG (co-managers).

Owing to strong investor demand, the total loan amount was increased to US $60 mln.

The syndicated loan facility consists of two parts: a six-month tranche (which could be extended by a further six months) and a 12-month tranche.

Alfa-Bank Russia

Alfa-Banking Group includes Alfa-Bank Russia which is today one of the largest privately owned banks in Russia. It also includes Alfa-Bank Ukraine, one of the top-ten largest banks in Ukraine.  Alfa-Banking Group also comprises  banks in the Netherlands, in Belarus and in Kazakhstan as well as presence in Cyprus, the United States and the United Kingdom. The Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking, trade finance and other ancillary services to corporate and retail customers.
 
Alfa-Bank Russia, founded in 1990, has developed rapidly to become one of Russia's largest privately owned banks. It provides a full range of banking services — corporate banking, retail banking, investment banking, asset management and trade finance. In 2010, Alfa-Bank Russia had 364 branches over nine time zones in Russia, the Netherlands and the United Kingdom, also had presence in the United States and Cyprus.

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