Ukrsotsbank to receive EUR 1 bln in financing from UniCredit in 2008
20 May 2008
Ukrsotsbank (USCB: BUY) plans to attract EUR 1 bln from its parent UniCredit in 2008, CEO Boris Timonkin said yesterday. At the beginning of 2008 he said the bank plans to raise USD 2.6 bln on external markets. Recently Ukrsotsbank has attracted a USD 65 mln loan from the European Bank of Reconstruction and Development. According to Boris Timonkin, the bank could refinance a USD 200 mln syndicated loan, raised in 2007 at LIBOR+0.8%.
