EBRD Supports Ukraine's Bank Lviv With EUR 10 mln Loan
The European Bank for Reconstruction and Development said it is helping Ukraine's Bank Lviv diversify its funding base and support small and medium-sized enterprises (SMEs).
The support will help SMEs withstand the negative shocks caused by war through a EUR 10 million A/B loan for on-lending to private businesses, including clients from food security sectors and those who relocated their businesses to the western part of Ukraine.
The EBRD's share of EUR 4.25 million will be complemented by up to EUR 5.75 million funding from B lenders, including EUR 4.75 million jointly contributed by the European Fund for Southeastern Europe (EFSE) and the Green for Growth Fund (GGF), it said in a statement on Monday.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.