Loan bankers dare to dream on Russia

By GlobalCapital
25 Sep 2014

No one is under any illusions that Promsvyazbank’s request for proposals on a loan this week is going to open the floodgates again for big Russian deals. Far from it. The private bank is a long way from state-owned sanctioned entities like Rosneft and has much work to do under great scrutiny if it is to succeed with a small deal.

But even the fact that the approach is deemed worthy of serious consideration is a ray of hope for beleaguered CEEMEA loans bankers. Their jobs have become increasingly precarious as bank projections for the Russia-Ukraine crisis have lengthened. Witness the gutting of RBS's emerging markets loan and ...

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