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2007 April 11   14:06

Kuban inland navigation company gets a 75.2 mil rub loan from Sberbank

The Bench of Kuban river steamship lines, a part of Azov-Don steamship lines, approved attraction of 75.2 mil rub non-renewable credit line from Sberbank with three year maturity at 12% interest rate per annum, said in the company's announcement.
Raised money will be directed to house building.
The Azovo-Don group of companies was founded in November 2002. It consolidates water transportation companies of Don and Kuban. The group includes 16 enterprises: four shipping companies, four ports, five shipyards, and three service companies. The steamship fleet consists of 200 ships of different functions.

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