EBRDs $5m guarantees for SKB-Bank announced | Volga, Finance, business MarchmontNews.com

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EBRDís $5m guarantees for SKB-Bank announced

10 Apr '09
The European Bank for Reconstruction and Development has provided Ekaterinburg-based SKB-Bank with $5m worth of guarantees for foreign trade loans, SKB-Bank reported today.

SKB-Bank has already reportedly closed the first deal under an international trade development program run by the EBRD between the CIS and Central/Eastern Europe.

According to the report, thanks to cooperation between SKB-Bank and the EBRD a Finnish fire hoist for high-rise buildings will be delivered to Ekaterinburg later in April. A European partner in the deal is Finnish bank Nordea Bank Finland Plc, SKB-Bank added.