EBRD looks at loan to Lithuania's bank

  • 1999-11-11
VILNIUS(BNS) - The board of the European Bank for Reconstruction and Development will discuss a project for syndication of a $15 million loan to Lithuania's state-owned Zemes Ukio Bankas on Nov. 12.Austria's Raiffeisen Zentralbank Osterreich is to manage the syndication of the loan to Lithuania's fourth largest bank, up for privatization next year, and underwrite up to $2.5 million .According to the EBRD, the EBRD would contribute $5 million, with the remaining amount to be syndicated among other Western banks.Zemes Ukio Bankas' managers say the loan may increase to $20 million - $25 millio...
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