OREANDA-NEWS. Uralvneshtorgbank has attracted the subordinated credit for the sum $20 million. Term of the credit makes 7 years with an opportunity of prolongation up to 9 years. The European Bank of Reconstruction and Development (EBRD) has acted as the investor.

“The basic purpose of attraction of the subordinated loan is the increase in own means of the bank, Andrey Kan, Chairman of the Board of OJSC “Uralvneshtorgbank” said. “The increase in the capital will allow increasing assets and increasing profit and profitability of the bank”.

Till to the end of this year the bank plans to attract one more subordinated loan - this time from the International Finance Corporation (IFC) for the sum $10 million.