UrBC, Yekaterinburg, April 24, 2018. VUZ-Bank (a member of the UBRD Group) co-supported a syndicated loan for the Republic of Belarus’s Development Bank, the UBRD’s press service reports.

The entire procedure is coordinated and managed by Otkrytie FC Bank. The news was made official on April 20, 2018.

‘Seven different banks supported the €50m syndicated loan for the Republic of Belarus’s Development Bank; in addition to VUZ-Bank and Otkrytie FC Bank, these are AK Bars Bank, Bank Uralsib, Nefteprombank, Bank Finservice, and Novicombank. VUZ-Bank secured €5m for the loan,’ the press service says.

The UBRD Group also coordinated a syndicated loan for Belarus’s Alfa-Bank in February 2018.