The project envisages that the EBRD will provide a long-term senior loan for on-lending to micro, small and medium size enterprises in the East Ukrainian regions.
The EBRD’s senior loan will help MegaBank to implement its development strategy which includes regional expansion and the accelerated development of small and medium enterprise lending.
The proposed transaction will provide long-term funding to MegaBank for the development of its micro, small and medium size enterprise lending. The transaction will therefore promote the availability of financial services to micro, small and medium size enterprises in Kharkiv and in the regions where MegaBank operates and will operate in the near future.
MegaBank is a Kharkiv-based Russian bank with headquarters and several branches in Kharkiv and over 150 branches and offices in Ukrainian regions.
The EBRD will provide a long-term senior loan for on-lending to regional micro, small and medium size enterprises.
USD 20 million.
MegaBank will be required to apply EBRD’s Environmental Procedures for Local Banks to all commercial lending activities and to submit annual environmental reports to the Bank.
Vyacheslav Ryuitn, Deputy Chairman of the Management Board
30, Artyoma Street, Kharkiv 61002, Ukraine
Phone: +380 57 714 06 63
Fax: +380 57 703 21 43
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