Rossiya Bank, a Russian joint stock bank headquartered in St. Petersburg, recently won an open electronic auction to provide a revolving line of credit to Fuel and Energy Complex of St. Petersburg, one of the leading thermal power companies in the northwest.
The credit limit is the equivalent of $28.77 million over a period of 12 months and will be used to finance the company's current operations.
Rossiya Bank is a universal financial and credit institution offering a full range of banking services to corporate and private clients, including industry leaders in machinery, defense, oil and gas, agriculture, and telecommunications.
The bank has approximately 70 branches and offices in 19 regions of the Russian federation.
Fuel and Energy Complex of St. Petersburg provides approximately 40 percent of the operation and development of the heat supply system for the city's 2.5 million residents.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme