The loan was allocated to support trading activity of the respective companies.
The Norton Rose Fulbright global law firm acts as legal advisor for this deal.
UniCredit Bank Austria AG, better known as Bank Austria, is a Central and Eastern European bank, 96.35 percent owned by UniCredit Group. The bank maintains an extensive network in Austria, with about 7,700 employees serving customers in some 300 branches.
Bank Austria serves as UniCredit’s hub for the banking network in Central and Eastern Europe, a region where the Group is the clear market leader with about 3,900 branches in 19 countries.
Austrian bank allocates $250M loan to SOCAR Trading
22 June 2016
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UniCredit Bank Austria AG has allocated a loan worth $250 million to several companies that are part of SOCAR Trading Group, a trading house of Azerbaijani state oil company SOCAR, Italian media outlets reported June 22.
