Nordea Bank has opened a credit facility for Severodvinsk’s Financial Department

15.06.2010

Nordea Bank has opened a credit facility for Severodvinsk’s Financial Department

OJSC Nordea Bank and Severodvinsk’s Financial Department have signed a credit facility agreement.

The credit facility will total 150 mln RUB.

The loan agreement has been signed because the Bank won an open tender held by the city’s Financial Department on May 20, 2010.

The loan is aimed at covering the deficit of Severodvinsk’s local budget.

It is the second credit facility provided to Severodvinsk’s Financial Department. The first credit facility of 70 mln RUB was provided in October 2009.

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