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ZAO "Standard Bank" (Moscow), a subsidiary of Standard Bank Plc, opened an unsecured credit facility of USD 12 mln to SB Bank (Sudostroitelny bank, Ltd) for the purpose of forex transactions. |
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ZAO "Standard Bank" (Moscow), a subsidiary of Standard Bank Plc, opened an unsecured credit facility of USD 12 mln to SB Bank (Sudostroitelny bank, Ltd) for the purpose of forex transactions. Thus, total volume of unsecured credit facilities, opened by foreign financial institutions and their Russian subsidiaries in favour of SB Bank, exceeded USD 70 mln.
"Signing of this agreement, - comments Dmitry Zubkov, Director of Financial Institutions Department of SB Bank, - allows us to further develop our cooperation with ZAO “Standard Bank” and to provide our Money Market Operations Division with an opportunity to expand transactions volume".
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