Credit Agricole to provide financial support to Ukraine's Index Bank
9 February 2009
Ukraine’s Index Bank said Friday that it planned to obtain USD 41 mln in financing support from Credit Agricole. In Dec. 2008, Credit Agricole granted Index Bank a USD 12 mln 10-year subordinated loan at 7% p.a, and a long-term USD 70 mln loan. Index Bank is Ukraine’s #41 bank by assets as of Oct. 1, 2008, according to the National Bank of Ukraine. Credit Agricole owns 99.9% of Index Bank.
