JSB «ORGRESBANK» and Diebold Credit Corporation have signed a loan agreement

15.11.2004

JSB «ORGRESBANK» and Diebold Credit Corporation have signed a loan agreement

JSB “ORGRESBANK” and Diebold Credit Corporation (subsidiary of Diebold, Incorporated, USA) have signed a loan agreement for the total amount of USD 5 mln.

The aim of the agreement is financing purchase of ATMs, produced by Diebold, Incorporated, one of the largest IT-groups in Europe, Middle East and Africa region (EMEA) - by the LANIT company.

The signing of this agreement is the first step in the partnership of JSB “ORGRESBANK” and Diebold Credit Corporation. Hereafter, JSB «ORGRESBANK» and Diebold Credit Corporation plan to use this positive experience while financing similar projects in Russia. According to the first Deputy Chairman of the Board of JSB “ORGRESBANK” Igor Bulantsev, the signing of the agreement provides the Bank with the opportunity to offer its customers the services in the area of trade finance on the best conditions possible, and also signifies the growing credibility of JSB “ORGRESBANK” on the market of trade finance.


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