OREANDA-NEWS. On November 5, 2007, Alfa-Bank signed a 1-year term Club Loan Facility for 307 million US dollars, the Alfa-Bank press service reports. Alfa-Bank is the first private bank in Russia to raise foreign credit facilities in the current challenging liquidity-related market environment that has gripped most of the global banking community. Alfa-Bank has self-arranged the loan, making this Club transaction a unique event.

There were 21 banks involved in this Facility, including:

— Alpha Bank
— BNP Paribas
— Commerzbank
— First Gulf Bank
— Fortis
— HSBC
— ICICI Bank Limited
— ING Bank
— Mashreqbank
— National Bank of Greece
— Sumitomo Mitsui Banking Corporation Europe Limited
— Wachovia

The loan interest rate is 60 basis points above LIBOR. This is the twelfth syndicated loan in a row drawn by Alfa-Bank in the international financial markets.

“It is especially pleasant to note that the loan, despite the difficult global liquidity situation, was larger than last year’s Club facility of US$220 million,” said Maxim Topper, Managing Director, Head of International Banking and Financial Institutions at Alfa-Bank.