Банкеръ Weekly

Briefs

EBRD ENTERS UNIONBANK IN A WEEK

UNIONBANK and the European Bank for Reconstruction and Development (EBRD) will sign a contract for share participation at Sofia Sheraton Hotel Balkan on September 19. Under the contract the EBRD will acquire 15% of the Bulgarian credit institution's capital. Viktor Pastor and Thomas Lengley will sign the document on the part of the EBRD. They will also announce the name of the new shareholder's representative in the Supervisory Board of UNIONBANK. Within two weeks after the signing of the document, a contract will be signed as well with the International Financial Corporation for a USD5MN credit line, intended for small and medium-sized enterprises.

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