FIRST INVESTMENT BANK RECEIVED USD 13 M LOAN TO BACK TRADE FINANCING

Business | January 14, 2002, Monday // 00:00

A Deutsche bank-led consortium extended a USD 13 M loan to the Bulgarian private bank First Investment Bank (FIB). The loan is to be used to back up short-term export and import financing of FIB clients, Executive Director Maya Georgieva said, quoted by Dnevnik Daily. The loan has one-year maturity that can be extended for one more year. The loan has an interest rate of 3.25 points over LIBOR. The consortium, from which FIB borrowed the loan consists of the Italian bank Unicredito, Bank Austria Creditanstalt, London-based Standard Bank, Dutch-based United Garanti Bank and several other banks.

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