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News: Bulgaria>> Bulgarian banks resort to syndicated loans

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Current date: 2010-02-09 07:55

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Bulgarian banks resort to syndicated loans

Finances: Friday, 2008-07-18 01:50
Article by: Dnevnik.bg

The local Postbank Thu signed a 150 mln euro loan agreement with a syndicate led by Austria`s Raiffeisen Zentralbank. The syndicate comprises 15 banks from seven countries.

A couple of days ago First Investment Bank contracted a five-year 10 mln euro credit line with Germany`s KfW. The chief executive director of MKB Unionbank told Dnevnik in an interview recently that the lender was negotiating a 125 mln euro loan.

The sector already witnessed one wave of syndicated loans earlier this year when Raiffeisenbank (Bulgaria) EAD, SG Expressbank, DSK Bank, Bulgarian American Credit Bank and UniCredit Bank all announced they had agreed syndicated loans or credit lines from abroad.

Scope: Bulgaria
More: Finances news First Investment Bank; Finances news Raiffeisenbank; Finances news UniCredit Bank;

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