Banks with Russian capital hold from the second to the fourth places in the National Bank's rating by the growth of corporate lending, according to the Business newspaper.

In particular, experts single out the activity of Subsidiary Bank Sberbank of Russia, which particularly credits private business.

The group Mining Machines that combines engineering assets of the largest Ukrainian holding company SCM has attracted from this bank a credit line of $40 million. The borrower's message says that the money will be spent on implementation of investment programs, as well as on working capital due to increased sales of equipment and the development of distribution network. However, the loan term and the interest rate have not been disclosed.

Another company, also controlled by businessman Rinat Akhmetov, Metinvest (the largest mining and metallurgical holding in this country), drew a 3-year loan of $175 million directly from Sberbank of Russia.

The funds will be used to finance the company's capital investment program and for other general corporate purposes, the company reported.

Another credit agreement to provide credit facilities totaling $30.9 million was signed by the Sberbank of Russia subsidiary with OJSC Sumy Frunze NPO and the factory of drill and lead pipes. Both companies belong to the group Power Standard controlled by Russian businessman Konstantin Grigorishin. As reported by the bank, the funds were provided to finance the production program of the companies in 2011.

UKRINFORM