OREANDA-NEWS. November 10, 2009. Evrofinance Mosnarbank has obtained a 7-year USD 32 million subordinated loan from Black Sea Trade and Development Bank, reported the press-centre of Evrofinance Mosnarbank.

The terms of the loan agreement provide for the fixed interest rate for the first 3 years and the LIBOR-based floating rate for the next 4 years. The Bank of Russia has approved the inclusion of the received funds as a source of the Bank’s additional capital.

In connection with this previous loan for mortgage financing provided by the Black Sea Trade and Development Bank in 2008 has been prepaid in full.