CHF 30 mln is the amount of Frame Credit Agreement signed between AK BARS Bank, Kazan and UBS AG, Zurich

10.08.2010

Frame Credit Agreement was signed between AK BARS Bank and UBS AG on August 9th, 2010, according to which contracts of Russian companies will be financed for importing equipment from Switzerland and other countries of OECD under the guarantees of state export credit agencies of these countries. The total amount of the Credit Agreement is CHF 30 mln. Financing will be granted for the period up to 5 years in Swiss francs, USD or Euro.

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