CORPORATE NEWS

Tatra Banka gives loan to Slovak-Kazakh oil venture

Tatra Banka Inc., a commercial bank located in Bratislava, will be the principal manager of a syndicated loan worth $13.5 million (405 million Sk) for a joint venture between the Slovak gas storage company Nafta Gbely and a Kazakh oil conglomerate, bank officials announced. Other players in the syndicate loan are the Austrian banks Raiffeisen Zentralbank Österreich, and Die Erste Österreichische Spar-Casse-Bank. According to informed sources, the German Kommerzbank was also asked to enter in on the deal, but refused. JSC ANACO, the name of the joint venture company, will deal in the production of equipment for crude oil mining in Kazakhstan.

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