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OTP Bank Ukraine gets USD 50 mln subordinated loan

OTP Bank Ukraine gets USD 50 mln subordinated loan

20 March 2009

OTP Bank Ukraine reported yesterday that it has secured a seven-year USD 50 mln subordinated loan from Hungarian parent OTP Bank. The bank said the loan will be used as part of the bank’s recapitalization program. As of Jan. 1, 2009, OTP Bank Ukraine was Ukraine’s #7 largest bank by assets according to the National Bank of Ukraine.

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