|Ukrsotsbank to borrow EUR2.6 billion from overseas in 2008|
Journal Staff Report
Ukrsotsbank in 2008 will borrow EUR2.6 billion from abroad, bank Governor Borys Timonkin said Thursday. "We'll borrow mainly in U.S. dollars," he said, adding that 5-7% of international funding in 2008 will be euro-denominated. Timonkin said that the level of the bank's international borrowings in 2007 will be about $2.5 billion. The bank has already raised $2.3 billion.