Ukrsibbank plans USD 100 mln subordinated loan from EBRD

Ukrsibbank representative Sergey Naumov said yesterday, via Interfax, that the bank is in negotiations with the European Bank for Reconstruction and Development for a ten-year USD 100 mln subordinated loan. According to Naumov, the EBRD will begin carrying out due diligence in preparation for granting the loan as of April 1, with disbursal potentially taking place in May. Last week the EBRD said it was in talks to provide financial support to five Ukrainian banks, including Ukrsibbank.