- German-Ukrainian Fund Doubled the Amount of Funding to UKRGASBANK for SME Lending Purposes
German-Ukrainian Fund Doubled the Amount of Funding to UKRGASBANK for SME Lending Purposes
On December 28th Ukrgasbank signed new loan agreements with the German-Ukrainian Fund as a result of which total EUR funding provided by the German-Ukrainian Fund doubled to EUR 6.9 million and UAH funding increased 24 times to UAH 24 million. Execution of the new loan agreements followed successful utilization of funding available under open credit lines.
The loan facility period is 5 years. The cost of funding under the named facility allows the bank to reduce loan interest rate for the target SME customers. During 2016 in cooperation with German-Ukrainian Fund Ukrgasbank advanced 129 loans for the total of UAH 120 million.
Cooperation between Ukrgasbank and German-Ukrainian Fund began in 2012.