The Kharkiv-based Megabank, ranking among mid-sized Ukrainian banks, is intending to raise a syndicated loan of USD 40 million in 2008.
Board Chairperson Olena Zhykova announced this at a press conference at the Ukrainian News press center.
"We are in talks with the European Bank for Reconstruction and Development on their organizing a syndicated loan for us," she said.
The bank plans to raise about USD 40 million.
"The sum of the syndicate is being discussed at USD 40 million," Zhukova said.
She said the bank would raise the loan in October through December.
"This will be in the fall, this is real," she said.
Zhukova did not provide further details of the loan.
As Ukrainian News earlier reported, Megabank has raised a loan worth USD 10 million from KfW Bankengruppe (Germany).
Megabank finished January-March with net profit of UAH 5.512 million. Megabank ended 2007 with a net profit of UAH 24 million.
As of April 1, 2008, bank's net assets amounted to UAH 2,171.197 million, credit portfolio was UAH 1,608.044.003 million, and equity was UAH 316.503 million, assets of natural persons comprised UAH 859.566 million, and assets of legal entities UAH 567.936 million.
The shareholders of Megabank are Viktor Subotin (who owns 4.55% of the bank's shares directly and 50.28% indirectly), the M Invest closed joint-stock company (41.82% directly and 5.36% indirectly), and Olena Subotina (54.16% indirectly).
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