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Russia’s Raiffeisenbank has issued a loan to the Neftegazindustriya Group

Russia’s Raiffeisenbank has issued a bilateral loan to the Neftegazindustriya Group worth USD 220 million for 5 years. The loan will be used to refinance the loan portfolio of one of the companies of the Group: the Afipsky oil refinery.

The loan is a secured depreciable line of credit.

According to Oxana Panchenko, the Head of Corporate Banking and Corporate Financing Directorate, and member of the board of Raiffeisenbank, this deal has confirmed the Bank’s strong position in providing integrated financial solutions for clients. It is also significant because it is with one of the largest private oil refining facilities in Russia.

«It is important to note the high level of efficiency, the responsiveness and the smooth functioning of all the divisions of Raiffeisenbank, which partaked in our joint work. Our fast developing company is highly satisfied with the acquisition of such a strategic partner,» said Yuri Krimsky, the Chairman of the Board of Neftegazindustrii.

The Afipsky refinery is located in the Krasnodar region where it produces jet fuel, diesel fuel, export-grade technological gasoline and fuel oil. The processing capacity of the refinery currently stands at 4 million tonnes of crude oil per year. In the next 2 years plans are in place to increase the processing volume to 6 million tonnes per year.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on 2010 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 6th in terms of private deposits and 8th with regard to consumer lending.

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. More than 59,000 employees service about 15 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s 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 country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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