Borrower repays Bank of Moscow $383 mln

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Calculasio Holdings Ltd, a company close to the former management team at Bank of Moscow, has repaid the bank two loans totaling $383 million, a source close to the ex-managers said on Thursday.

Calculasio Holdings Ltd, a company close to the former management team at Bank of Moscow, has repaid the bank two loans totaling $383 million, a source close to the ex-managers said on Thursday.

The company has repaid its debt to the bank in full, the source said.

“One of the companies, which is believed to be close to the bank’s former management, today has settled its debt to Bank of Moscow, repaying loans of $341 million and $42 million ahead of schedule,” the source told the Prime news agency.

Bank of Moscow and the Deposit Insurance Agency (DIA) were not available for immediate comment.

The DIA earlier provided Bank of Moscow a 10-year, 295-billion ruble bailout loan, which is to be repaid in part with money recovered from borrowers affiliated with the bank’s former top managers.

 

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