KIEV, July 15 - The European Bank for Reconstruction and Development is organizing a $40 million syndicated loan facility to finance the working capital needs of Vioil, a large sunflower oil exporter in Ukraine.

The agreement was signed in Kiev on Wednesday.

The financing will consist of an A loan of up to $20 million that will be provided through the EBRD's funds, and a B loan of up to $20 million that will be syndicated to ING Bank N.V., the bank said.