Financial and Banking News
LOANS AND ISSUES
ADCB Arranges $50mn Soviet Loan
Abu Dhabi Commercial Bank (ADCB) has arranged a $50mn eight-year loan to theSoviet Bank for Foreign Economic Affairs (Vnesheconombank), which is thesuccessor to the former foreign trade bank, Vneshtorgbank. ADCB itself isproviding $32.5mn of the total, while the Abu Dhabi Investment Company (ADIC)is providing $17.5mn. According an ADCB statement, the loan, which was signed on12 April, was...