Sviaz-Bank has opened a three-year framework loan facility for Acron with a USD 90 mn limit. The loan will be used to replenish Acron’s working capital.
Acron is a key strategic partner of the bank. Sviaz-Bank has issued more than RUB 5.7 bn (USD 185 mn) year-to-date to finance Acron’s operations. The Bank intends to further expand its cooperation with Acron.
Sviaz-Bank was established in 1991, is licensed by the Bank of Russia (License 1470), and participates in the mandatory deposit insurance system. The Bank’s regional network comprises 49 branches.
Sviaz-Bank’s main shareholder is the State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank).
Moody’s Investors Service Rating Agency assigned Sviaz-Bank E+ financial stability rating (FSR) and B1 long-term rating of for deposits in national and foreign currencies. Moody's Interfax Rating Agency assigned the bank A1.ru national scale deposits rating. The rating outlook is “positive.”
Fitch Ratings assigned Sviaz-Bank a long-term issuer default rating (IDR) in national and foreign currencies of BB, short-term IDR of B, individual rating of D/E, support rating of 3 and long-term national rating of AA-(rus). The outlook for the long-term IDR and the long-term national rating is stable.
The Central Bank of the Russian Federation lists Sviaz-Bank as one of 30 top Russian banks. Sviaz-Bank’s Series 01 bonds (official issue registration number 40101470B, dated April 2, 2007) were included on the Bank of Russia Lombard List.