Bank financed the five stars hotel construction in Astrakhan

On May 16, 2009, the 5 stars business-hotel in Astrakhan was opened; Bank Saint Petersburg provided financing in the amount of RUR 2 billion for this project implementation. The construction was completed by the Astrakhan development and construction company “My stroim Dom”.

The Superior Business class hotel is situated in the center of Astrakhan, 30 meters away form the Volga embankment. As there is a strong demand for well-managed business hotels in Astrakhan, customers will benefit from the hotel’s promotion of high quality standards.

In aggregate Bank Saint Petersburg has committed RUR 4 billion in Astrakhan region. Currently several projects including a construction of the largest in the region shopping and entertainment mall “Alimpic” are in progress.