Bank Pivdennyi repays $20 mln loan to Black Sea Trade, Development Bank
Bank Pivdennyi (Odesa) has repaid a loan of $20 million raised from Black Sea Trade and Development Bank in 2008, according to a press release issued by the bank.
"This long-term loan in the amount of $20 million was provided for expanding the bank's business on financing small and medium-sized businesses. On June 10, 2015, it was fully repaid by the financial institution," reads the press release.
Black Sea Trade and Development Bank is an international development bank. It was created in 1998 by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine to promote the economic development of the member countries and regional cooperation. The bank's activities are aimed at the economic development of the Black Sea region states and regional cooperation.
Bank Pivdennyi was founded in 1993. According to the bank, on April 1, 2015 its largest shareholders were Yuriy Rodin (18.7062%), Alla Vanetsiants (11.2371%), and Mark Bekker (19.1539%).
The financial institution ranked 17th among 133 operating banks on April 1, 2015 by total assets (UAH 17.424 billion), according to the National Bank of Ukraine.
