24 Aug 2009 18:19

VEB tentatively approves Alfa-Bank request for 29.9-bln ruble subordinated loan

MOSCOW. Aug 24 (Interfax) - Russia's Bank for Development and Foreign Economic Affairs (Vnesheconombank, VEB) has tentatively approved a request from Alfa-Bank for a subordinated loan totaling 29.9 billion rubles under the one to three ratio, a source at VEB told Interfax.

The VEB supervisory board must still approve the loan.

Alfa-Bank declined comment on the report.