The Ministry of Finance has received a €400 million loan from the European
Investment Bank (EIB) to supply loans to the real-economy sector as well as to
small and medium-sized business in Ukraine. The Ministry of Finance is actively
working to get the economic growth of Ukraine back on track and taking resolute
steps to restore loan supply to the Ukrainian economy. To expand funding
possibilities for the real-economy sector via Ukrainian banks, the Ministry of
Finance contributed to receiving a loan from the EIB to finance small and
medium-sized business projects as well as projects related to the social and
economic infrastructure including projects for energy efficiency as well as
mitigation of climate changes and adjustment to these changes.
According to the terms of the loan, the debtor in this agreement is Ukraine
represented by the Ministry of Finance which will be providing loans to
selected banks which will be funding the projects of their customers. The agent
of the Ministry of Finance in the funds distribution is the state-owned Ukreximbank.
Loan details:
- the loan of the EIB can be provided by the Ministry of Finance to
commercial banks which shall be funding mid- and long-term investment projects
(up to 10 years) and providing resources for mid-term current assets (starting
from 2 years) of private companies in Ukraine;
- the sum of loans to companies can vary from €25 million (for
small and medium-sized business) to €50 million for companies employing more
than 3000 persons;
- the loan has been provided as a part of the investment project
“Core loan for small and medium-sized business and for companies with the
middle level of capitalization”.
No comments:
Post a Comment