KIEV, April 25 ??“ Ukreximbank, one of two state-owned commercial banks in Ukraine, is raising a loan facility of $50 million from the European Bank for Reconstruction and Development (EBRD) at LIBOR+2.35%.

"The main purpose of this project, which is the first ever EBRD cooperation with Ukreximbank, is to tackle Ukraine's energy intensity, which is over three times that of the average for the European Union," reads an EBRD press release.