Cablegate: Opic Financing for Credit Moscow Bank

VZCZCXYZ0007
PP RUEHWEB

DE RUEHMO #1283 1281427
ZNR UUUUU ZZH
P 071427Z MAY 08
FM AMEMBASSY MOSCOW
TO SECSTATE WASHDC PRIORITY 7948

UNCLAS MOSCOW 001283

SIPDIS

STATE FOR EUR/RUS, EEB/IFD
STATE PASS TO OPIC ANGELL

E.O. 12958: N/A
TAGS: EINV EFIN RS
SUBJECT: OPIC FINANCING FOR CREDIT MOSCOW BANK

REF: STATE 42710

1. Embassy has no objection to the proposed USD 5 million
OPIC loan guaranty to expand Credit Moscow Bank's SME lending
program.

2. Embassy has no adverse information regarding Credit
Moscow Bank or its shareholders. Embassy has no information
that could adversely affect the long-term prospects for this
project.
BURNS

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