31.07.2014
«Asian-Pacific Bank» (Open joint-stock company) announces on subordinated loan
On July 31, 2014 the Bank of Russia confirmed the inclusion of a subordinated loan in the amount of 42 million US dollars into the Bank’s Tier-2 capital in accordance with Regulation No. 395-P. The loan was raised by placement of 5.5 year Subordinated Eurobonds on July 10, 2014 with a coupon of 11% per annumin favour of a limited number of private and institutional investors. OJSC Promsvyazbank acted as the Mandated Lead Arrangerof the placement. LLC "Brokerage Company" REGION" and M2M Private Bank acted as co-arrangers of the transaction.
Background details
The Bank was established in the Russian Federation as a closed joint stock company in 1992 under the name Amurpromstroybank.
The Bank’s strategic goal is to establish a sustainable universal banking platform with a leading position in eastern regions of Russia that will be able to capitalize on the anticipated market growth whilst maintaining high profitability and client satisfaction levels.
According to Interfax-CEA ranking Asian-Pacific Bank is rated 55thby net assetsand 54th by capital among Russian banks as of April 1, 2014.
The Bank has a general banking license No. 1810. APB is a member of the state deposit insurance system in the Russian Federation.
The Bank has 302 offices, 370 ATMs and 174 payment terminals (July 1, 2014) from which it conducts business in 147 localities of the Russian Federation,mainly in the Far East and Siberia. The head office of the Bank is located in Blagoveschensk, Amur Region.
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