OREANDA-NEWS. April 22, 2010. JSC "The Seventh Continent" (further referred to as the Company), fully repaid the loan to JSC Sberbank (Savings Bank of the Russian Federation) in accordance with the terms of the loan agreement. Total amount of payment comprised 600 mn. rubles, reported the press-centre of JSC "The Seventh Continent".

This loan was attracted on October 20th 2008 in the frames of Government's retail sector support program. Earlier the Company had repaid the loan to VTB Bank that was also raised in accordance with this Government project.

Thus the Company has fulfilled all obligations in front of the Banks with Government participation and does not have any loans in these organizations.