Vneshtorgbank (VTB) attracted $175m in credits from 12 foreign banks, VTB Chief Executive Officer reported when signing corresponding agreements today. The credits were granted for a year at a rate of LIBOR+1.5-percent. The following banks took part in the deal: Deutsche Bank AG, Citibank NA, Commerzbank AG, Dresdner Bank, HVB, ING Bank NV, Natexis Banques Populaires, Standard Bank, UFJ Bank, Bank of Tokyo-Mitsubishi, WestLB AG, HSH Nordbank AG.
According to Kostin, the funds will be used for financing mercantile operations of the bank's custom. He added that so far the bank did not intend to prolong the credit.
The British Prime Minister cuts a sociopathic figure, isolated, stubborn beyond belief, totally wrong and convinced that the world gravitates around her feet
The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13