UKRGASBANK receives another increase in trade finance limit from IFC

Ukrgasbank has received another increase in its trade finance limit from the International Finance Corporation (IFC), a member of the World Bank Group, under its Global Trade Finance Program (GTFP). The total amount of the limit is now $70 million, representing an increase of $30 million.

The maximum tenor of coverage within the trade finance limit has also been raised from one to three years,  with potentially longer tenors for some projects.

Thanks to the increase, private clients of Ukrgasbank, including those in the small and medium enterprise segment, can obtain enhanced support and funding for their foreign economic projects, as well as an extended list of financing instruments to facilitate trade contracts with partners from other countries and regions.

The increase is in line with Ukrgasbank's performance, profits, and excellent trade finance results.

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Ukrgasbank is one of three banks in the running for the “Best Bank in Eastern Europe in 2018” award, an international award from prestigious trade finance magazine Global Trade Review.