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Business news, 11.02.2008 08:49

Binbank Reports Gain

Binbank reported a total gain of $366 million in international financing in 2007. Out of that funding, $206 million was attracted in long-term and short-term trade financing, the bank said Tuesday in a statement.

In April last year, Binbank’s syndicated loan increased from $40 million to $52 million. The bank operates over 100 branches and offices in Russia. On January 1, 2008, assets stood at 76.9 billion rubles and capital at seven billion rubles.

News source: The Saint PetersburgTimes

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