Date: 2 months ago   Category: Economy

The EU and the EBRD started the new program of financing of small and medium business in Ukraine


The European Bank for Reconstruction and Development (EBRD) and the European Union start in Ukraine a credit line of the EU4Business-EBRD

According to the message, purpose of the program is financing of the MSP projects and providing to the companies the help in use of the opportunities opening in connection with the Agreement on the free trade zone between the EU and Ukraine.

the New credit line provides support of the private companies which are registered in Ukraine and have up to 250 workers. Borrowers can obtain long-term credits to the amount to 3 million euros in a hryvnia equivalent. Granting the credits in local currency will protect borrowers from currency risks, reported in the EBRD.

Proceeds of credit will be provided through Ukreksimbank to which it is allocated for this program an equivalent of 22 million euros and LLC OTP Leasing to which 10 million euros are allocated.

Additional resources of the EU of about 28 million euros are expected in the near future and will be available to other local financial institutions which will join a credit line.

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