DRESDNER BANK AG (Germany) and BANCA NAZIONALE DEL LAVORO (Italy) have issued uncovered credit lines worth E3.5 million to TRANSCAPITALBANK (Moscow). The uncovered credit line issued by DRESDNER BANK for one year is worth E2.5m. BANCA NAZIONALE DEL LAVORO issued E1.0m for a term of one year. The funds will be used to finance foreign trade projects of TRANSCAPITALBANK clients. At present, limits of E100m imposed by foreign counter-agents are in force at TRANSCAPITALBANK.
Source: BANKIR.RU, August 23, 2006
