KIEV, May 18 - The European Bank for Reconstruction and Development announced it is planning its largest-ever single investment in Ukraine, a $250 million subordinated loan to Ukreximbank, to support the continued funding of the Ukrainian real economy by one of the country’s leading financial institutions.
The project is expected to be finalized early this week.
"The 10-year Tier II capital loan will boost Ukreximbank's capital base and support its continued lending to enterprises in Ukraine. The project is an integral part of EBRD's response to the financial crisis in Ukraine, focusing on participation in the recapitalization of viable and systemically important banks in the country," the press release reads.
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