KyivPost

Kyiv repays Hr 750 million debt to Alfa-Bank in full

Print version
Aug. 1, 2012, 4:11 p.m. | Ukraine — by Interfax-Ukraine

Deputy Head of Kyiv City State Administration Ruslan Kramarenko
© www.epravda.com.ua

Kyiv has fully repaid a Hr 750 million debt to PJSC Alfa-Bank using city and national budget funds, Deputy Head of Kyiv City State Administration Ruslan Kramarenko has said.

According to the administration's press service, the debt was repaid in July.

Kramarenko noted that in 2009, in accordance with the decree of the Cabinet of Ministers to cover the difference in heat tariffs, Kyiv raised a Hr 750 million loan from Alfa-Bank.

"For all the time of its use, the loan interest was paid on time and in full. Some Hr 500 million was repaid using funds from the national budget on July 7, and Hr 37 million and Hr 213 million were repaid from the Kyiv budget on July 13 and July 18 respectively. The city budget for 2012 foresees Hr 500 million for servicing debts, and Hr 250 million to pay to Alfa-Bank was allocated from these funds," Kramarenko said.

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.