Uralvneshtorgbank uses subordinate loan from International Finance Corporation

1 December 2006 (11:28)

Uralvneshtorgbank used a $10m subordinate loan from the International Finance Corporation (the investments division of the World Bank); all credit payments are to have been made by 2013.

The loan is now transferred into the bank’s capital, whose scale determines the financial ratio and thus affects the bank’s potential.

Uralvneshtorgbank is the first and so far the only bank in Svedlvosk Region to receive a subordinate loan from the IFC; this loan is the second one obtained by the bank from the Corporation this fall.


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