Russia's Gazprombank says pays off $1.2 bln syndicated loan

MOSCOW Mon Aug 11, 2014 4:53am EDT

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MOSCOW Aug 11 (Reuters) - Russia's Gazprombank said on Monday it had paid off a $1.2 billion syndicated loan it received from a group of international banks in 2011.

The bank, whose access to international capital markets has been hit by Western sanctions over the Ukraine crisis, said in a statement it had paid off the loan "on time" on August 8. (Reporting by Alexander Winning, editing by Jason Bush)