The European Bank for Reconstruction and Development is providing a 10-year subordinated loan of $15 million to strengthen the balance sheet of Joint Stock Bank Transcapitalbank
The founding shareholders and management of Eurokommerz have exercised their option to acquire 20.9% of shares in Eurokommerz Group from Russia New Growth Fund.
Standard Poor's has changed its rating outlooks on 13 Russian banks and companies to negative from stable in connection with their difficult operating environment