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RZD credit portfolio to increase by 58 billion rubles

November 14, 2013, 14:09 UTC+3 MOSCOW
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MOSCOW, November 14, 13:26 /ITAR-TASS/. The credit portfolio of OJSC Russian Railways (RZD) will increase by 58 billion roubles (about $1.7 billion) to make about 685 billion roubles (about $20.8 billion) on an aggregate basis this year, Russian Transport Minister Maxim Sokolov said at a meeting of the government on Thursday.

“Meanwhile, the total RZD credit portfolio will increase by slightly more than 58 billion roubles and will make about 685 billion roubles in the debt/EBITDA ratio (EBITDA - earnings before interest, taxes, depreciation and amortization - Itar-Tass eds) that will reach 2.6,” Sokolov said.

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