EIB provides Raiffeisen Bank Aval with EUR 12 mln in guarantees to support SME
The European Investment Bank (EIB) has provided Raiffeisen Bank Aval (Kyiv) with EUR 12 million in guarantees for the support of lending of small- and medium-sized enterprises (SME).
The decision was approved on December 22, 2017, the EIB said on its website.
The guarantees are provided as part of the Ukraine-EU Association Agreement and the Deep and Comprehensive Free Trade Areas (DCFTA).
The total volume of the loan project is estimated at EUR140 million, it said.
No other details of the project are mentioned.
Raiffeisen Bank Aval was founded in 1992. As of January 1, 2017, Raiffeisen Bank International (RBI, Austria) owned 68.27% of the Ukrainian bank's charter capital, while the European Bank for Reconstruction and Development (EBRD) held 30%.
Raiffeisen Bank Aval ranked fifth in terms of assets worth UAH 66.102 billion among 88 operating banks as of October 1, 2017, according to the National Bank of Ukraine.
Advertising
Advertising
MORE ABOUT
EIB developing energy-efficient housing restoration program for Ukraine with EUR 230 mln budget
16:45, 19.04.2024
Ukraine to receive EUR 560 mln from EIB for energy, housing rehabilitation projects
15:03, 19.04.2024
EIB allocates almost EUR 100 mln to Ukraine for reconstruction projects
18:23, 19.12.2023
Ukrhydroenergo receives EUR133 mln tranche from EIB for rehabilitation of HPPs
19:44, 11.12.2023
Decision to open EIB representative office in Kyiv is important signal for Ukrainian business - Zelenskyy at meeting with bank’s management
14:27, 28.11.2023
LATEST
PM: preferential price for gas extended until end of summer, for electricity until end of spring
17:17, 26.04.2024
Work of Kyivteploenergo blocked due to new searches by law enforcers – company
13:00, 26.04.2024
Almost three-quarters of employers feel shortage of staff, plan to increase wages in 2024 – EBA survey
20:59, 25.04.2024
Metinvest's Pokrovske mine extracts 1.2 mln tonnes of coking coal in Q1, plan for 2024 is 5.35 mln tonnes
20:07, 25.04.2024
Chornomorsk port resumes shipment of agricultural products for export