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Loan: Petrocommerce Bank, 10.2008

Loan information

  • Country
    ***
  • Status
    Redeemed
  • Type
    ***
  • View
    ***
  • Volume
    106,000,000 USD
  • Signing
    October 2008
  • Redemption
    October 2009
  • Purpose of the loan
    ***
  • Loan specifics
    Interim loan, Islamic loan, With the participation of an international organization, Subordinated loan, Club credit, Multicurrency loan, Amortized loan, Deal with ECA, ESG
  • senior loan
    ***
  • Settlement rate, %
    ***
  • Loan extension
    ***
  • Increase in loan amount
    ***
  • Data for additional tranche
    ***
  • Purpose of the loan (more)
    ***
  • Changing the terms of the loan
    ***
  • Security and guarantees
    ***
  • Additional Information
    ***

Participants

  • Leading bookrunners
    ***
  • Other members of the syndicate
    ***
  • Shares and remuneration
    ***
  • Investment banks and other agents
    ***

Latest loans

Borrower

Profile

Open Joint-Stock Company Commercial bank Petrocommerce (Bank Petrocommerce) was established in April 1992. The Bank is one of the strategic assets of IFD Kapital Group. IFD Kapital Group was set up in 2003 as a group of financial companies. It has developed into one of the largest diversified holdings with assets in such economic sectors as oil and gas, finance, pension, construction, power generation, mass media and high technologies. Since 1998, Bank Petrocommerce has been the primary bank of LUKOIL, Russian oil major company. Bank Petrocommerce is the primary settlement bank of the LUKOIL Group for its rouble flows providing it with settlement services, conversion operations, cash management functions as well as payroll projects for the Group's employees. Apart from the companies of the LUKOIL Group, the Bank renders a complete array of banking services to a broad range of large and small companies harnessing its extensive expertise gained from long-term beneficial cooperation with the LUKOIL Group. An efficient regional policy ensuring coverage of key economic zones with high growth potential contributes to a high geographic diversification of the Bank's business. Petrocommerce Banking Group comprises the following commercial banks: OJSC Stavropolpromstroybank OJSC Komiregionbank Ukhtabank PJSC Bank Petrocommerce-Ukraine Petrocommerce Bank is a part of IFD Capital Group, one of Russian major diversified direct investment holdings.

Petrocommerce Bank has been merged into Otkritie FC Bank.
  • Borrower
  • Sector
    corporate
  • Full borrower name
    Open Joint-Stock Company Commercial bank "Petrocommerce"
  • Industry
    Banks
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