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30 Марта 2009, 6:36
Sberbank restricted loan of Capital Group
Sberbank of Russia, OOO Sberbank Capital and Capital Group signed an agreement to restrict the loan of Capital Group for a total of over US400 million.
To complete the construction of Gorod Stolits (City of Capitals), Sberbank of Russia and OOO Sberbank Capital will provide the necessary funding as matching financing. In addition, Sberbank offered a mortgage program for buyers of the apartments located in the multi-use complex City of Capitals and the residential complex City of Yachts.
According to Andrey Nesterenko, general director of Capital Group, signing such an agreement is the new step of the business partnership between Capital Group and Sberbank of Russia, “This program will help us to complete the construction of the City of Capitals on time”.
Ashot Khachaturian, general director of OOO Sberbank Capital, said commenting the agreements, “The terms of the signed agreements will not only allow to effectively restructure the debts of Capital Group to Sberbank, as well as create opportunities to effectively complete the construction of the City of Capitals and sell the mentioned objects to our clients at an attractive price even during the current economic situation”.
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