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Abanka Secures EUR 80m Syndicated Loan

Ljubljana, 13 July (STA) - Slovenia's third-largest bank, Abanka Vipa, has secured a three-year EUR 80m syndicated loan to finance general operations, the bank said in a press release on Tuesday.

The loan was organised by Commerzbank, Erste Group and Raiffeisen Bank International together with Raiffeisenlandesbank Niederoesterreich and UniCredit Bank Austria.

Abanka said that given the challenging conditions on the market, securing the loan was a major success and demonstrated the ongoing trust held by investors in the bank.

The loan is the 14th of its kind taken out by Abanka on international financial markets in its history, the bank added.

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