Chernomornaftogaz raises $7.5 mln from Sberbank subsidiary
KYIV. July 7 (Interfax) - Simferopol-based Chernomornaftogaz is raising a loan facility from Kyiv-based Subsidiary Bank Sberbank Russia worth 60 million hryvni (around$7.5 million at today's rate - 7.9715 hryvni/$1 on July 7, 2011).
According to the web-portal State Purchases, the necessary agreement for this transaction would be signed by August 3.
The facility's rate will come to 14.5%. The commission for opening and transferring funds will be 0.25%.
Chernomornaftogaz develops sections in the Ukrainian sector of the Black and Azov Seas. The enterprise also produces oil and gas at fields in Crimea, operates an underground gas storage facility on the Glebovsky Peninsula and trunk gas pipelines. Naftogaz Ukrainy owns 100% in Chernomornaftogaz.
Subsidiary Bank Sberbank Russia (earlier, Bank NRB) was founded in 2011. Top Russian bank Sberbank held 100% in the bank as of January 1, 2011.
Kyiv-based Subsidiary Bank Sberbank Russia was 132nd biggest bank in the CIS by assets and 23rd largest bank in Ukraine at the end of 2010 according to the Interfrax-1000: Banks of the CIS, compiled by the Interfax Center for Economic Analysis.