It will secure demonstration effect by supporting a leading independent local bank that is committed to meeting high standards of transparency and corporate governance. EBRD’s co-operation with Yugbank is designed to demonstrate that a well-managed private bank can compete successfully in its market niche with state-owned and Moscow-based banks.
- In supporting private sector SMEs by providing term funds it will raise the level of financial intermediation in the region and allow EBRD funds to reach SME sub-borrowers to finance their investment projects, for which long-term funding is currently not readily available.
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