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«THE INTERNATIONAL BANK OF AZERBAIJAN — MOSCOW» signs and draws a club loan arranged by Russia’s Raiffeisenbank, Raiffeisen Bank International AG and OTP Group

ZAO Raiffeisenbank, Raiffeisen Bank International AG, OTP Bank Plc., Hungary and OTP Bank (Russia), acted as the mandated lead arrangers of a club loan for THE INTERNATIONAL BANK OF AZERBAIJAN  MOSCOW.

The facility agreement was signed September 23, while the facility was disbursed October 13, 2010. The loan is a USD 15 million two-year facility, with an 18-month extension option. The loan is guaranteed by THE INTERNATIONAL BANK OF AZERBAIJAN OPEN JOINT STOCK COMPANY (Azerbaijan, Baku). The loan is granted for trade finance purposes  on-lending to the customers of THE INTERNATIONAL BANK OF AZERBAIJAN  MOSCOW to finance their import contracts.

This is the first long-term club loan facility arranged for THE INTERNATIONAL BANK OF AZERBAIJAN  MOSCOW, which evidences investors growing confidence in the borrower in the current reviving bank syndications market, says Sergei Monin, Deputy Chairman of the Board, ZAO Raiffeisenbank.

Raiffeisenbank is recognized as a leader on the Russian corporate bond market. In 2001-2009 Raiffeisenbank acted as a lead manager or co-manager for 163 corporate bond issues with a total nominal value of RUR 582 billion.

In 2005-2008 Raiffeisenbank acted as the lead arranger of syndicated loans for Russian borrowers in the area of retail trade, fuel and energy complex, transport, metallurgy, commercial real estate, telecommunications, tourism and banking for a total of USD 9,292 billion.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on H1 2010 results (Interfax-CEA).

Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. 56,000 employees service about 15 million customers through around 3,000 business outlets in the region. RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.

OTP Bank (Russia) is one of the Top 50 largest Russian banks, a member of the international OTP Group. OTP Bank provides its services via a network of its own additional offices and branches, which consists of more than 200 end-to-end service points in 71 regions of Russian Federation, as well as a large-scale network of partners numbering 16 thousand consumer loan POS located all over Russia on April 1st.

OTP Bank Plc. is the leading financial institution in Hungary and the largest independent banking group in the CEE region, providing full financial services in the retail, corporate and municipal sectors to more than 12 million clients in nine countries, through 1500 branches and via electronic channels. At 30 June 2010, OTP Banks IFRS-based consolidated balance sheet total and shareholders equity was HUF 10,184.5 billion and HUF 1,322.6 billion respectively. Throughout the financial crisis OTP Group has remained a stable, well capitalised, profitable financial institution with a high level of liquidity reserves.


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