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Raiffeisen signs on syndicated loan

Hungary's Raiffeisen Bank Zrt has announced signing a €190 million, three-year syndicated term loan facility.

The transaction conducted with Commerzbank, DZ BANK AG and Intesa Sanpaolo S.p.A. was well received by the market and increased by €40 million from the launch amount of €150 million (with a margin of 0.3% per annum), Raiffeisen said in a statement.

Raiffeisen Bank will use its new resource to finance the development of its dynamically growing business, which was primarily brought about by a swift increase in demand for loans from the part of households and small and medium-sized enterprises, as well as loans extended to project finance and structured trade finance deals. (press release)