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CyberPlat and Rosbank Signed Cooperation Agreement - Cyberplat OJSC and Joint Stock Commercial Bank “Rosbank” (Open Joint-Stock Company) signed a cooperation agreement to implement a credit program for CyberPlat® cash acceptance network dealers
CyberPlat and Rosbank Signed Cooperation Agreement

 

NewswireToday - /newswire/ - Moscow, Russia, 2007/08/16 - Cyberplat OJSC and Joint Stock Commercial Bank “Rosbank” (Open Joint-Stock Company) signed a cooperation agreement to implement a credit program for CyberPlat® cash acceptance network dealers.

   
 
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Cyberplat OJSC and Joint Stock Commercial Bank “Rosbank” (Open Joint-Stock Company) signed a cooperation agreement to implement a credit program for CyberPlat® cash acceptance network dealers.
Under the cooperation agreement, CyberPlat® dealer operating three months or more will be eligible for ROSBANK loan on overdraft for the period of up to 30 days for the amount from 100 thousand to 4.5 million rubles at the interest rate of 12% per annum. A loan approval will take a few days. The credit limit will be equal to the amount of at least 20% of the monthly turnover on the dealer settlement account. To obtain a loan a dealer should apply to a nearest ROSBANK office, state that it is a CyberPlat® cash acceptance network partner, fill out the form to obtain an overdraft, and provide necessary documents.

According to Anatoly Khvostikov, Director – Small Business Department, overdrafts for small business customers and self-employed is the ROSBANK product, which enjoys good demand and helps clients to solve their problems related to short-term liquidity gaps, as well as supports small and medium-size business current payments.

“Our company will open new business development opportunities in collaboration with ROSBANK (rosbank.ru/en/). Our dealers will get access to credit lines of a large commercial bank along with our high quality and failure-free Internet-technologies; thus will be provided with maximum accessibility and convenience when accepting payments for customers and subscribers of various companies – such as mobile carriers, pay-TV operators, public utility providers and many others,” Andrey Gribov, Director General of CYBERPLAT OJSC commented.

 
 
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Written by / Agency / Source: CyberPlat®

 
 

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CyberPlat and Rosbank Signed Cooperation Agreement

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Publisher Contact: Igor Kolosov / Stanislav Osadchiy - Platina.ru 
+7 495 967 0220 x41 osadchy[.]platina.ru
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any CyberPlat® securities in any jurisdiction including any other companies listed or named in this release.

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