SKB-Bank to Sign 3 Contracts with Novosibirsk Region

UrBC, Yekaterinburg, May 24, 2017. An e-auction was coordinated by Novosibirsk Region Government recently to select the company to provide the constituency with borrowed funds. The auction committee considered applications from four for-profit banks, SKB-Bank’s press service reports.

Banks that offered the lowest interest rates on their loans were chosen as the winning bidders, Novosibirsk Region’s Finance Ministry reports.

Based on the auction results, the constituency will sign three contracts with SKB-Bank. According to Novosibirsk Region’s Finance Ministry, the loans will be issued at the annual interest rate ranging between 10.43% and 11.21%.

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