Citigroup lends $30 m to Kazkommertsbank (Kazakhstan)

/IRBIS, September 28, 04/ - Information below is translated abstract of REUTERS news. Kazkommertsbank, the largest Kazakh bank received 4-year loan from Citigroup for a total of $30 m under partial provision of OPIC government agency of USA. Interest rate of loan to be directed on development small- and medium-scale businesses is set as 6-month LIBOR plus 1.7% APR. Overseas Private Investment Corporation (OPIC) provided a guarantee for 75% of loan. [2004-09-28]