KIEV, Aug. 31 – The European Bank for Reconstruction and Development could provide state-controlled Oschadbank with up to EUR50 million under the Trade Facilitation Program, facilitating the commercialization of the bank and its preparation for privatization.

"The project is implemented as part of broader efforts aimed at promoting the commercialization and preparation of Oschadbank for further privatization within the program of reforming state-owned banks, which was developed and is being implemented by the government of Ukraine," a bank report reads.