OREANDA-NEWS  On 18 February 2009 was announced, that according to the NBU, PIB received the subordinated loan of USD 350mn. The details of the deal were not disclosed. Recall that yesterday the NBU announced its intentions to recall the temporary administration from PIB.

Millennium Capital sees this news to be POSITIVE, since the above loan will guarantee the redemption of bank’s external obligations for at least next 3 months and the recovery of bank’s solvency. This suggests that the temporary administration will in fact be recalled from the bank.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.