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Gazprombank Establishes a Credit Risk Limit for OJSC Atomredmetzoloto
Gazprombank (Open Joint Stock Company) has approved the credit risk limit for OJSC Atomredmetzoloto at RUR 14.2 billion which will apply until 2014.
The facility is intended to finance the operations of OJSC Atomredmetzoloto and its subsidiaries and to fund the Company’s investment program.
Subject to the approved limit, Gazprombank has opened a US$ 240 mln. credit facility. Gazprombank (Open Joint Stock Company) is among the top three major Russian banks. It ranks third among the biggest banks in Central and Eastern Europe. GPB has investment grade ratings from the leading international agencies.
Gazprombank’s extensive regional network includes 36 branches and five subsidiary and affiliated Russian banks. Gazprombank also owns equity stakes in two foreign banks -Belgazprombank (Belarus) and Areximbank (Armenia).