7 May '09
Timber company Tyndales in Amur Region has opened a $5m line of credit with Asian-Pacific Bank in the regional capital of Blagoveschensk, the firm said earlier today.
Under terms of loaning, Asian-Pacific Bank is lending for two years at 16.5%.
The company is reportedly borrowing to replenish its circulating assets.
Tyndales is the largest timber firm in Amur Region.