Printer Friendly

-UralSib Bank to lend USD32m to Rive Gauche.

BANKING AND CREDIT NEWS-November 29, 2011--UralSib Bank to lend USD32m to Rive Gauche(C)2011 M2 COMMUNICATIONS

29 November 2011 - Russian lender UralSib Bank (RTD:USBN) said on Monday it would provide Rive Gauche with RUB1bn (USD32m/EUR24m) under a credit line the cosmetic products retailer had opened with the bank.

The lender said the first tranche had been allocated on 16 November, without providing the amount.

The bank also did not provide the interest rate of the credit line.

The funds are expected to be used by Rive Gauche to replenish the group's current assets.

((Comments on this story may be sent to

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Nov 29, 2011
Previous Article:-NLB closes Slovak factoring unit as part of divestment programme.
Next Article:-White River Capital to pay USD4.00 p/s one-off special cash dividend.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters