OREANDA-NEWS. September 15, 2010. CREDIT BANK OF MOSCOW (CBM) raised USD20 million subordinated loan form Black Sea Trade and Development Bank (BSTDB), reported the press-centre of CBM.

The loan has a 7-year maturity. Upon receipt of approval from the Central Bank, the raised funds will be included in the Bank’s additional capital.

Cooperation between CBM and BSTDB goes back to 2008 when a USD20 million loan agreement was signed for CBM for the purposes of small and medium enterprises financing.