PRAVEX-BANK Paid USD 30 mln Credit
OREANDA-NEWS. April 18, 2008. At that time when world market is shaken by all new attacks of global crisis and the largest economics of planet is far from the best times, Ukrainian banking system shows stable development and positive growth, reported the press-centre of PRAVEX-BANK.
Striking example is credit transaction that was completed on April 11 between PRAVEX-BANK and international investment bank "Merrill Lynch", as a result of which PRAVEX-BANK performed its obligations on direct blank credit, having paid USD 30 m. in full and in time.
We would like to remind as well that this credit drawn by PRAVEX-BANK a year ago was the first experience of entry to the international market on big loan attraction. And now, we can state with confidence the successfulness of this responsible step.
Thus, PRAVEX-BANK again confirmed its stable status of reliable bank, trust-deserving at national market as well as international one.
"The fact of successful completion of such big bargain shows great possibilities for foreign banks on funds investment into financial sector of Ukraine, and for domestic banks it gives one more argument for successful attraction of big international loans, even under conditions of international crisis", — comments by Stepan CHERNOVETSKYY, Chairman of Supervisory Board of PRAVEX-BANK.
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