Support The Moscow Times!

Sberbank Arranges $1.18M Loan for Slovenske Elektrarne

Russia's top lender Sberbank said Tuesday it had arranged an 870 million euro ($1.18 billion) loan for Slovak electricity firm Slovenske Elektrarne.

The loan to Slovenske Elektrarne, which is controlled by Italian utility Enel, is for seven and a half years, the bank said in a statement.

A 300 million euro tranche of the loan will be insured by the Export Insurance Agency of Russia.

See also:

Russia's Sberbank Defies Ukraine Crisis to Promise 20% Dividends for 5 Years

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.