KIEV, Oct. 13 – The board of directors of the European Bank for Reconstruction and Development on October 4 decided to provide a facility of up to EUR 50 million under the Trade Facilitation Programme (TFP) for Oschadbank, the EBRD said on its website.

The project is undertaken within a broader effort aimed at facilitating Oschadbank's commercialization and preparation for eventual privatization in the context of the state-owned bank reform program that is developed and being implemented by the government of Ukraine.