MOSCOW, December 1 (RIA Novosti) - Raiffeisenbank has granted a $100 million 12-month loan to Gazprom Neft, the oil producing arm of energy giant Gazprom, the bank said on Monday.
The loan proceeds, to be disbursed in one tranche, will be used to finance the company's current activities, the bank said.
"The transaction with one of the largest companies in the Russian fuel and energy complex is very important for us," Oksana Panchenko, head of the bank's corporate services and finance department, said.
Raiffeisenbank is a wholly owned subsidiary of Austria's Raiffeisen International Group and one of Russia's top thirty banks.
