In October 2021, NUTEP, part of DeloPorts, a stevedoring asset of Delo Group, attracted additional credit funds for 3.5 bn rubles ($49.5 mn) from Raiffeisenbank.
The loan was provided for a period of 5 years on the security of berth mortgage. DeloPorts acts as a guarantor for the loan, an additional agreement was signed in the framework of the current loan agreement between the bank and the stevedoring company.
Andrey Yashchenko, Senior Vice-President on Economy and Finance, Delo Management Company, commented: “This year marks 10 years of the successful and trusting cooperation between NUTEP and Raiffeisenbank. It is gratifying that our interaction is expanding, we appreciate the professionalism of our time-tested partners, who are always ready to offer the best and optimal financial solutions for our projects.»
Earlier, Raiffeisenbank participated in financing the construction of a new deep-water berth for the NUTEP Container Terminal.