Alfa Bank (Ukraine) extends its UAH 750mn loan Kyiv city.

By bne IntelliNews July 27, 2010
One of the largest Ukrainian banks, Kyiv-based Alfa Bank (Ukraine), has prolonged the loan of UAH 750mn to the Kyiv city state administration, the financial institution has said. The bank noted that thanks to readiness of the borrower to timely and fully implement commitments as for the servicing of the loan, the bank has tree times lowered the interest rate. Since July 2010, the interest rate is 16% per annum. Besides, according to the report, the sides agreed to restructure loans to municipal enterprises: Kyivskyi Metropoliten and Kyivpastrans. In April 2009, Alfa Bank (Ukraine) granted UAH 750mn to the Kyiv city state administration. As earlier reported, the assets of Alfa Bank (Ukraine) were valued at UAH 27,288.8mn as of April 1, 2010, when its loans to clients and its clients' loan debts amounted to UAH 25,756.2mn and its equity capital amounted to UAH 2,292.4mn. The bank ended entire 2009 with a loss of UAH 348.405mn.

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