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Bank “Saint Petersburg” provided financing to the shipping company “Pola Rise” for the purchase of an ice-class vessel

Bank “Saint Petersburg” has signed an agreement with the leading Russian shipping company “Paula Rise”. The agreement provides for the provision of a credit line by the bank with a total amount of $7.9 million. This is stated in the bank’s message.

The loan funds were provided for a period of 65 months and were used to finance the purchase by Pola Rise of a 100 A5 E3 ice class vessel from Oslo Wave AS (Kingdom of Norway). Oslo Wave AS is a company founded in 1999, which manages more than 30 vessels.

Pola Rise LLC is a dynamically developing Russian company, since 2015 in the river-sea market, today it is a leader in high-quality transportation of bulk, general and project cargo for export and import. Pola Rise LLC carries out cargo transportation in the Mediterranean, Black, Azov, Caspian, Baltic, White, and North Seas, including flights around Europe, as well as on the inland waterways of Russia. The company manages 20 vessels, the total deadweight of the company’s vessels is over 150 thousand tons. All vessels meet the latest IMO requirements. The vessels can operate both in marine areas and on the inland waterways of the Russian Federation, their dimensions and draft allow them to transport cargo throughout the Russian river system and other European countries.

PJSC “Bank” Saint Petersburg “(TIN 7831000027) is a universal commercial bank, founded in 1990. As of April 1, 2021, the bank serves more than 2 million individuals and 50 thousand companies in 65 offices in St. Petersburg, the Leningrad Region, Moscow, Kaliningrad and Novosibirsk, including representative offices in Krasnodar and Rostov-on-Don.

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