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-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 http://www.m2.com

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.

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Publication:M2 Banking & Credit News (BCN)
Date:Nov 29, 2011
Words:111
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