‘The subordinate loan obtained by Uralvneshtorgbank means that its capital is going to grow; this is not their only way of getting direct capital investments, they could also sell their shares. Yet this would be difficult to do at the moment, since the bank is currently going through a merger with Sibacadembank,’ said Deputy Chairman of Ural Bankers’ Union Evgeniy Bolotin.

Uralvneshtorgbank has obtained two subordinate loans (a $20m one from the European Bank for Reconstruction and Development and a $10m one from the International Finance Corporation) in the last month.