EBRD to loan $16m to DeltaLeasing | Volga, Finance, business MarchmontNews.com

Far East | Finance, business

EBRD to loan $16m to DeltaLeasing

10 Feb '10
European Bank for Reconstruction and Development (EBRD) might loan $16m to Vladivsotok-based company DeltaLeasing, the bank reports.

The loan terms and interest rate have yet to be disclosed.

Under plans, the funds are to be invested into the companyís expansion into other RF regions, as well as to redeem the companyís foreign currency debt.

Delta Leasing works in the regionís of Far East, Siberia and Urals. The firm is by 99.9% controlled by Russian-Americal investment fund TUSRIF.