16:45 26.01.2022

Thanks to international cooperation, MEGABANK attracted more than 360 million dollars to the economy

2 min read
Thanks to international cooperation, MEGABANK attracted more than 360 million dollars to the economy

Loan programs implemented by MEGABANK JSC in cooperation with international institutions to support local SMEs, finance energy efficiency projects, support export and other areas.

Today MEGABANK JSC cooperates with a number of international institutions, and the main strategic direction of the bank remains support of SMEs.

According to Olexandr Shypilov, Deputy Chairman of the Management Board of MEGABANK, since the beginning of cooperation with foreign institutions (since 2007), the bank has concluded 62 international agreements for a total of USD 366,731,000.

In particular, in 2021, the bank continued cooperation with the European investment bank within the framework of the project ‘APEX loan for SMEs and MID-CAPs’. Thanks to it additional 10 million euros were raised for the investment needs of small and medium-sized enterprises and working capital financing.

In 2022 MEGABANK JSC plans to continue working on the implementation of joint projects with international partners. Among them are Triodos, FMO (the Netherlands), BlueOrchard and responsAbility (Switzerland) and EFSE (Luxembourg), as well as launching new projects with European funds, including Incofin (Belgium), OeEB (Austria), Triple Jump (the Netherlands) Enabling Qapital (Switzerland).

– It is planned that the funds within the framework of this cooperation will be used to finance micro, small and medium-sized businesses, – said Olexandr Shypilov.

MEGABANK JSC has been operating in the financial market of Ukraine for 31 years. As of December 1, 2021, the bank serves 723,811 clients, and 155 branches operate in Ukraine. The bank's assets amount to UAH 9,819 million.

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