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Promivestbank to raise up to $200m

August 03, 2010 | Interfax-Ukraine (translated by Cbonds)

Promivestbank is poised to raise up to $200m as subordinated debt, Victor Bashkirov, chairman of the board, told Interfax-Ukraine. The bank plans to attract a subordinated loan from the majority shareholder. The loan will have a tenor of over 7 years. It is expected to be attracted in autumn, most likely in September. The proceeds will help the bank to complete the reserve for active operations in line with the business-plan.

Company: Prominvestbank

Full company nameProminvestbank
Country of riskUkraine
Country of registrationUkraine
IndustryBanks

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