Credit Europe Bank NV Malta branch (CEB) has announced that a large inter-bank syndicated loan facility has been signed with a consortium of international banks. This facility will be used to finance CEB's international trade related activities at the Malta branch. The facility consists of a dual tranche term loan facility totalling $125 million plus €100 million and was signed on June 6.

The club-style transaction to establish the facility was co-ordinated by Bayern LB and was very well received by the market. The facility was provided jointly by Bayern LB, Citibank, Erste Bank, HSH Nordbank AG Luxembourg Branch, Landesbank Saar, Rabobank International, Raiffeisen Zentralbank Österreich Aktiengesellschaft, Wachovia Bank, National Association, West LB AG, ABN AMRO Bank N.V., American Express Bank Ltd, GarantiBank International NV, LRP Landesbank Rheinland-Pfalz, Member of LBBW Group, Mashreqbank psc, Standard Chartered Bank, The Bank of New York, Oyak Anker Bank GmbH, and UniCredit Group.

Founded originally as Finansbank (Holland) NV in 1994, a major restructuring led to a rebranding into Credit Europe Bank NV (CEB NV) in 2007. Today, headquartered in the Netherlands, Credit Europe Bank comprises banking subsidiaries in Russia and Ukraine, and leasing and mortgage subsidiaries in Romania. It has branches in Belgium, Germany and Malta, with representative offices in China and Turkey.

This year a new subsidiary will be opened in the United Arab Emirates at the Dubai International Financial Centre - DIFC.

As part of a restructuring programme, early this year, CEB NV acquired Credit Europe Bank (Suisse) SA and Credit Europe Bank (Romania) SA.

CEB NV began its operations as a specialised trade finance bank, focusing on wholesale financing of international trade through asset based lending to both local and international corporates. In 1997, retail banking was launched.

CEB NV has a large customer base for call money, time deposits and consumer loans in a number of markets.

For more information contact the Malta branch in Tower Road, Sliema, on 8007 3232 or visit www.crediteurope.com.mt.

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