EBRD supports Ukraine’s Bank Lviv with €10 million loan for lending to SMEs affected by war

Published in World
Thursday, 18 August 2022 13:27

The European Bank for Reconstruction and Development (EBRD) announced that it will support Ukraine’s Bank Lviv with up to €10 million to lend to private enterprises, including food security clients and those who have relocated their businesses to western Ukraine.

The EBRD’s share of €4.25 million will be complemented by up to €5.75 million funding from other lenders, including €4.75 million jointly contributed by the European Fund for Southeastern Europe (EFSE) and the Green for Growth Fund (GGF).

The loan falls within the EBRD’s Resilience and Livelihoods Framework (RLF) for companies and countries affected by Russia’s war on Ukraine, which began on 24 February. With donors and partners, the EBRD has pledged to invest €1 billion into the Ukrainian economy this year.

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