foir print

17.04.2007

Center-invest Bank will increase own capital

On April 13, Center-invest Bank signed an agreement with the Black Sea Trade and Development Bank (BSTDB, Greece) on granting a subordinated loan amounting to USD 10 million with a term of seven years for Center-invest Bank.

The result will be the increase of Center-invest Bank own capital by RUR 260 million. This will allow increasing volumes of lending while preserving a required level of capital adequacy.

That is the second subordinated loan during the history of Center-invest Bank. In 2004 International Finance Corporation (IFC) granted Center-invest Bank a subordinated loan to the amount of USD 5 million for the term of 6 years.