29 Mar 2012 15:11

Naftogaz Ukrainy selects Gazprombank for $2 bln credit line

KYIV. March 29 (Interfax) - Ukraine's national oil and gas stock company Naftogaz Ukrainy has chosen Gazprombank as the provider of a $2 billion credit line to be used for settlements for Russian gas imports.

A company statement says the cost of servicing the seven-year (2012-2019) credit line will be almost $1.540 billion. The acceptance date was March 28.

Gazprombank ended 2011 in 3rd place by assets on the Interfax-100 ranking of Russian bank size.