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EBRD Supports Ukraine's Bank Lviv With EUR 10 mln Loan

World

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.

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