Pivdenny Bank gets new USD 5.2 mln subordinated loan

Pivdenny Bank announced yesterday that it attracted a five-year USD 5.2 mln subordinated loan from Mesel Trading Ltd (Cyprus). The Ukrainian lender said that it has taken out the loan as part of its capitalization program. The news comes just a day after Pivdenny said that it will receive a five-year EUR 3.8 mln subordinated loan from East Capital Explorer Financial Institutions Fund (Sweden). Pivdenny Bank was Ukraine’s #21 largest bank by assets, according to National Bank of Ukraine statistics as of July 1. Andrii Parkhomenko: As we said yesterday, with the bank’s Eurobonds being completely illiquid for the last few months, we see little impact on their price from the news of these new loans.