The European Bank of Reconstruction and Development has approved a $150m (€108m) five-year loan for Troika Dialog as part of package to fortify Russian banks against a second wave of bad debt, which is expected to spike in two months' time.
The loan comes three months after South Africa's Standard Bank took a 33% stake in the Moscow investment bank in a $200m deal, which increased the bank's capital base to $850m.
