Standard Bank Plc, as Mandated Lead Arranger, and a syndicate of lenders have signed a USD 20 million Syndicated Term Loan Facility (“the Facility”) for OJSC RODOVID Bank, Ukraine (“RODOVID”). The signing took place in London, on April 25th, 2007. The deal was 100% oversubscribed and RODOVID elected to increase the facility amount from the US$10 million launch amount. The oversubscription underlines the strong confidence of international investors in Ukraine and in the Ukrainian financial institution sector. RODOVID BANK, Ukraine’s fastest growing and 20th largest bank by assets in 2007, and 18th in terms of capital was created in 1990 as open JSC Bank Percombank, it is licensed and regulated by the NBU. With the arrival of new shareholders and management in the summer of 2004, the bank was renamed RODOVID.
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