Rodovid Bank receives USD 25 mln syndicated loan
10 June 2008
Rodovid Bank (RODB: BUY) announced yesterday that it has received a USD 25 mln syndicated loan from Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden (FMO) and Deutsche Investitions-und Entwicklungsgesellschaft (DEG) at LIBOR+3.85%. Rodovid Bank Vice-President Olha Pidoprihora said the proceeds will be spent on expanding the bank’s SME lending. In May, Rodovid Bank received two loans totaling USD 30 mln (at LIBOR 3-3.95%). According to the bank’s public relations office, it plans to attract USD 150-200 mln by 2008 yearend.
