1 Feb '10
Ak Bars bank, based in Kazan, the Republic of Tatarstan, has announced plans to take out a loan with German Commerzbank AG to finance purchase of medical equipment for a hospital in the town of Naberezhnye Chelny.
The loan size, terms and interest rate has yet to be disclosed.
Under plans, the bank is then to re-loan the funds to Naberezhnye Chelny hospital. The funds are reportedly to be used to purchase medical equipment from German firm AJZ Engineering GmbH.