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Bulgaria’s Postbank, majority-owned by Greek banking group Eurobank EFG, has contracted a 150 million euro syndicated loan from 15 banks, with Raiffeisen Zentralbank Austria (RZB) acting as the lead arranger. Postbank plans to use the money to fund continued expansion on the Bulgarian market. The deal was sealed in Sofia on July 17 by RZB assistant vice-president for global markets, financial institutions and sovereigns Elitza Kavrakova, left, and Postbank chief executive officer Anthony Hassiotis, right.
