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Alfa Bank's first lawsuit against Belarusian utility to be heard on November 24

15:36 21/09/2011

MOSCOW, September 21 - RAPSI, Sergei Feklyunin. The court will hold on November 24 its preliminary hearing of a bank's lawsuit against a Belarusian utility company for $10,517,000 in debt under a loan agreement, the court told the Russian Legal Information Agency (RAPSI).

Alfa Bank filed its first lawsuit against Brestenergo with the Moscow Commercial Court on September 15. At the same time, the bank filed another lawsuit against Brestenergo for $21.387 million. The second case will be heard on December 5.

This year, Belarus is facing serious economic problems, particularly a foreign currency shortage and rampant inflation due to the rapid devaluation of the Belarusian ruble.

Established in 1990, Alfa Bank is Russia's largest bank in terms of assets, own capital and client accounts.

Brestenergo generates, transmits and distributes electric and thermal power. It operates five power stations with an aggregate capacity of 964.85 MWt and four major boiler houses with an aggregate capacity of 966 Gcal.

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Alfa Bank's first lawsuit against Belarusian utility to be heard on November 24

15:36 21/09/2011 The court will hold on November 24 its preliminary hearing of a bank's lawsuit against a Belarusian utility company for $10,517,000 in debt under a loan agreement.
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