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EBRD to Provide USD 10 mln Loan to Rodovid Bank

EBRD to Provide USD 10 mln Loan to Rodovid Bank

15 October 2008

The European Bank of Reconstruction and Development (EBRD) said on Friday that it had agreed to provide Rodovid Bank (RODB: BUY) with a five-year USD 10 mln loan. The bank plans to use the money to increase loans to small and mid-size businesses. Rodovid Bank is one of the top performing banks from the increasingly popular second tier. The bank is currently traded at a 21% discount to its locals peers based on P/B 2008E.

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