UKRGASBANK received an increase in the trade finance limit from EBRD.

UKRGASBANK is proud to announce an increase of USD 40 million in trade finance limit  from the European Bank for Reconstruction and Development (EBRD) under the TFP (Trade Facilitation Program). The total amount of the Ukrgasbank’s TFP limit has now reached USD 80 million.

To date, the increase in UKRGASBANK of the trade finance limit from EBRD goes in line with  Ukrgasbank's performance of planned indicators, profitable work and excellent results in the direction of trade finance. Increasing the trade finance limit will allow Ukrgasbank to enhance support and funding of foreign economic projects, including the SME segment and extend the tenor of financing up to 5 years.

Reference:  
EBRD—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. EBRD work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit https://www.ebrd.com/work-with-us/trade-facilitation-programme.html

05.12.2019