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EBRD lends €20 million in local currency to Ukraine’s Bank Lviv
- EBRD lends €20 million in local currency to Ukraine’s Bank Lviv
- Loan will support Bank Lviv in providing access to finance to small and medium enterprises
- Green financing will be among priorities under the new loan
The European Bank for Reconstruction and Development (EBRD) is extending a local-currency loan worth the equivalent of €20 million to Ukraine’s Bank Lviv, to facilitate access to finance for private small- and medium-sized enterprises affected by Russia’s ongoing war on the country.
At least 30 per cent of all the sub-loans financed will support eligible green projects, in line with the EBRD’s Green Economic Transition (GET) approach.
The EBRD has deployed more than €4.2 billion in Ukraine since the start of the war. EBRD shareholders have recently agreed to provide a €4 billion paid-in capital increase to enable the Bank to continue investing at current levels in wartime, with the potential for more investments when reconstruction starts. As well as supporting the private sector, the EBRD’s strategic priorities in the country include energy security, vital infrastructure, food security and trade.