KIEV, April 10 ??“ Khreschatyk Bank has won a tender called by the Finance Ministry for a bank to service the European Bank for Reconstruction and Development's $20 million UkrESCO II project, Khreschatyk Bank said in a press release.

The loan agreement with the EBRD for the project was ratified by the Verkhovna Rada, Ukraine's parliament on March 15, 2006. The recipient of the funds is Ukrainian energy saving company, UkrESCO.