TRANSKAPITALBANK arranged another syndicated loan facility for the state-owned Qishloq Qurilish Bank, Uzbekistan

  • 27.08.2020
    Bank news
    TRANSKAPITALBANK arranged another syndicated loan facility for the state-owned Qishloq Qurilish Bank, Uzbekistan

    TRANSKAPITALBANK (TKB) and Promsvyazbank (PSB) arranged another syndicated loan facility for the state-owned Qishloq Qurilish Bank (QQB), Uzbekistan, amounting to EUR 14 mln and USD 34 mln as Mandated Lead Arrangers (MLA). The loan was granted for general corporate purposes and financing of the trade contracts of the Qishloq Qurilish Bank’s customers.

    International Financial Club (Russia), Halyk Savings Bank (Kazakhstan), Banca Intesa (Russian subsidiary bank of the Intesa Sanpaolo Group, Italy), Altyn Bank (the subsidiary of China CITIC Bank Corp) also joined this deal as Lead Arrangers.

    Elena Shirinskaya, Deputy Chairman of the Management Board outlined: “It is a second syndicated loan facility arranged for QQB. The deal was concluded within a very short period of time with oversubscription. It is worth mentioning that among Russian lenders there are also the largest banks of Kazakhstan – Halyk Savings Bank and Altyn Bank. Over the last year more than USD 200 mln have been invested in the economy of Uzbekistan thanks to syndicated loan facilities arranged by TKB and PSB and other 25 investors from Russia, Kazakhstan, Belarus and Azerbaijan, and granted to Qishloq Qurilish Bank, Agrobank and Mikrokreditbank”.

    Information about TKB Group:

    TKB Group includes TransKapitalBank and InvestTradeBank. TKB Group is in TOP-30 among Russian banks by assets. TKB Group has wide coverage of around 100 points of sales across 31 regions of Russia. TKB has 4 main business focuses: corporate and SME lending (TOP15 in Russia), mortgages (TOP-15 Russian banks), e-commerce business (internet acquiring and C2C transfers). Being a key partner of the EAEU/CIS/SCO integration processes, TKB implements program of comprehensive banking services for financial institutions “Bank for Banks” and offers counterparties a wide range of operations: transaction/settlement business, treasury operations, trade finance and arrangement of syndicated loan facilities for banks of the CIS countries.

To list