26.06.2008

Bank places cash funds of GK “Rosnanotech”

The corporation GK “Rosnanotech” has chosen Bank Saint Petersburg among 8 credit institutions where it intends to place its free cash funds.

The choice was carried out by the Corporation’s financial consultant, Troika Dialogue Management Company, on the basis of the terms of placement offered by the banks and a number of requirements to the financial organizations developed by the management company, in particular by presence of high ratings of the long-term creditworthiness.

The Corporation’s deposit in the amount of 5 billion rubles will be placed with Bank Saint Petersburg for 18 months.

Resolution of the Government of the Russian Federation dated 28 February 2008 No. 127 “On areas, procedures and terms of investment, maximum amount of the invested free cash funds of the state-owned corporation “Russian Corporation of Nanotechnologies”

Order of the Finance Ministry of the Russian Federation dated 17th March No. 33n “On realization of the resolution of the Government of the Russian Federation dated 28 February 2008 No. 127 “On areas, procedures and terms of investment, maximum amount of the invested free cash funds of the state-owned corporation “Russian Corporation of Nanotechnologies”