KIEV, July 5 -- The European Bank for Reconstruction and Development is making a $100 million A/B loan to Kreditprombank of Ukraine to boost credits to private enterprises, including SMEs (small- and medium-sized enterprises), especially to finance energy efficiency projects, the EBRD announced.
"The transaction will allow Kreditprombank and its clients to benefit from the availability of long term funding from commercial sources," reads the announcement. "This is the longest maturity loan available to a local bank, otherwise only available to the large top-five banks or foreign owned banks in Ukraine."
|