07.06.2007

Nordic Investment Bank issued the Bank a long-term credit line of 20 mln Euro

Bank “Saint Petersburg” and Nordic Investment Bank concluded an agreement on issue of a €20 mln. credit line to the Russian bank for 8 years.

The received funds will be directed to finance the projects of the Bank’s clients, taking into account not only their economic but also ecological efficiency as well as rational use of the power.

“Opening an 8-year credit line by Nordic Investment Bank evidences a growing credit to Bank “Saint Petersburg” in the West. This is our first credit line with such term. We hope that Bank “Saint Petersburg” will be able to satisfy our clients’ rising needs in the long-term investments in full by means of further expansion of our cooperation with the international financial institutions”, Financial Institutions Relationship Director of Bank “Saint Petersburg” Konstantin Noskov noted.

Nordic Investment Bank is an interstate bank founded by the Nordic European countries (Norway, Sweden, Finland, Denmark and Iceland) to finance the investment projects mainly in the founding states as well as on the global market, including the neighboring territories. Its summary assets amount to near EUR 18 billion. The head office is based in Helsinki.