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08-02-2010 14:42 Finance and Credit bank draws USD 12.5 million from British investor
The Finance and Credit bank has completed the process of registration at the National Bank of Ukraine of the sum of USD 12.5 million drawn from Bloonshine Limited (Great Britain) on the terms of a subordinated debt for the period of 7 years.
Volodymyr Khlyvniuk, CEO of the bank, says the money was taken within the framework of the functioning capitalization program, and will be channeled to raise the bank's liquidity. In his words, "on the whole in the first half of 2010 this program provides for attraction into the bank's capital of minimum UAH 200 million" (1 USD - 8.00 UAH). The previous increase in the regulatory capital of the bank, worth USD 10 million, took place in August 2009 at the cost of drawing funds on a subordinated debt terms.
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