Ukrsotsbank Intends to Prolong USD 250 mln Syndicated Loan

Ukrsotsbank (USCB: HOLD) Chairman Boris Timonkin told Interfax that the bank intended to prolong the USD 250 mln one-year syndicated loan it received in December 2006. Timonkin said the volume of the loan would not be increased. In related news, Interfax reported that Bank Austria Creditanstalt AG had submitted documents to the Antimonopoly Committee of Ukraine requesting permission for the purchase of a 95% stake in Ukrsotsbank. The sides expect to complete the transaction in 4Q07.