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MIL OSI Translation. Region: Russian Federation –

Source: Bank “ROSSIA” Russia Bank –

Press releases and events

01/22/2024

Bank “ROSSIA” concluded the first corporate electronic loan transaction with real estate as collateral

Bank “ROSSIA” and the Group of Companies “UPTK-65” conducted a loan transaction with real estate pledged in electronic form.

The documentation was completed remotely using the Bank’s “Personal Account of a Legal Entity” service and the “SKB Techno Platform” for interaction with Rosreestr. Registration of the Bank’s encumbrance was carried out by Rosreestr via electronic communication channels in one business day.

The conclusion of credit documentation in electronic form and prompt registration of the mortgage agreement with the Rosreestr authorities allowed the client to gain access to credit funds in the shortest possible time, as well as ensure compliance with the covenants under the agreement.

Reference:

UPTK-65 is one of the leading suppliers of metal products in the North-West region of the Russian Federation. A modern production complex with a total area of more than 5 thousand square meters is located on the territory of the Rzhevka industrial base in the Krasnogvardeisky district of St. Petersburg.

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Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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