RosEvroBank Does Not Have Problems Due to Market Situation
OREANDA-NEWS. September 22, 2008. The current crisis does not have any influence on the financial status of RosEevroBank. RosEvroBank has NO exporuse towards Russian stock market (we have only state bonds and bonds of the Russian Central Bank in our security portfolio), reported the press-centre of RosEvroBank.
Currently RosEvroBank maintains liquidity for more than RUB 13 billion (approx.USD 509 million) which includes funds on correspondent accounts, funds with the Central Bank, placements with the biggest Russian banks, state bonds and bonds of the Russian Central Bank. Corporate customers are the most loyal and stable source of funding for RosEvroBank - their balances exceed USD 1.3 billion, at the same time share of foreign borrowings in the structure of liabilities does not exceed 25%.
RosEvroBank does not have and does not expect to have any problems in connection with the current market situation and continues to attract funds from international debt market - we have just attracted USD 15 million loan from DEG for 7 years and USD 30 million loan from EBRD for 5 years.
By the end of September RosEvroBank plans to attract bi-lateral loans for amount USD 26.5 million and hence the total amount which is raised by RosEvroBank in August-September will be around USD 70 million.
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