Jun 16, 2009 The Board of Directors of the Bank approved a project to provide working capital, Troika Dialog Group. Signing a contract for a loan of up to 150 million U.S. dollars is expected in the coming weeks.

This transaction will strengthen the resource base of the Troika Dialog as an independent player in the investment market and increase the possibility of providing additional liquidity in the Russian market of shares and bonds, where the Troika Dialog has traditionally played a key role.

The five-year loan granted under the first phase of the Bank's anti-crisis program. As a result of the transaction total amount of loans granted by the Bank of Russian banking sector in the form of subordinated and other loans for the period from September 2008, when Russia began to experience difficulties in credit markets with liquidity, will increase to $ 500 million

Credit terms include the bullet repayment at the end of his term. Funding to support the trade and brokering of Troika Dialog, will be given two separate tranches.

The credit not only to restore stability and liquidity in the Russian capital markets, but also will facilitate the implementation of long-term program to stimulate the development of bank financial intermediation in Russia, - commented on the event, Nicholas Tesseyman, head to work with financial institutions at the EBRD.

In March of this year, South African Standard Bank and Troika Dialog announced the creation of a strategic partnership in which Standard Bank will receive 33% of the shares of Troika Dialog. This strategic investment and credit funds will increase the financial capital of the Bank Group, Troika Dialog, and will support private investment and help reduce dependence on short-term financing.

We are very pleased to be able to translate our long-term relationship with the Bank to a new, even higher level. The provision of credit lines - is evidence of confidence in our business model and a great step forward in the diversification of funding sources Troika and attracting capital - stressed the president of the board of directors, Troika Dialog Group Ruben Vardanyan.

In addition to a strategic alliance with Standard Bank, a group has taken active steps to launch new products, reduce costs and adapt procedures and rules for risk management in the context of the current economic situation.
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