Volga | Finance, business

Commerzbank AG loans Ak Bars, terms undisclosed

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.
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Tags: Ak Bars (32) / hospital (27) / Germany (237) / Commerzbank AG (0) /

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