EBRD Will Become Shareholder of Megabank
OREANDA-NEWS. June 22, 2009. EBRD will become a shareholder of PLC "Megabank". This decision as a n additional issue of a long-term loan was approved by the Board of Directors of EBRD on June 16-th. The total amount of financing will be EURO 20 million, reported the press-centre of Megabank.
As earlier to an interview of a weekly "Kontrakty" mentioned director of EBRD on Ukraine Andre Kuusvek, EBRD plans to enter the shareholders' structure of Megabank. As per Kuusvek's words, EBRD offers loans only to those financial organizations, which it trusts and which meet bank's criteria.
"It is profitable for us to invest financial, intellectual and technological resources into those banks, which have a clear business-plan and highly professional management. It is important for us to trust tot the bank and its management, as well as be confident in its efficiency. For this purpose we conduct a complex monitoring of the financial institution, familiarize with the bank's strategy, and study the history of its shareholders, management, legal and financial aspects of activity. Besides we also consider loan portfolio risks and quality of assets ", – underscored А. Kuusvek.
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