EBRD and Raiffeisen Bank Aval combine efforts to support Ukrainian companies
Kiev. 22 Jan. — Loans, in particular on renewable energy projects, will be available for a greater number of small and medium enterprises (SMEs) and some more size Ukraine after the signing today in Kiev the agreement between EBRD and Raiffeisen Bank Aval about the participation of Raiffeisen Bank Aval in the Program of shared risk (PRR).
In the framework of this programme, the Bank will be in the risks for loans, Raiffeisen Bank Aval to provide SMEs amount €20 million over three years. The PI will help to increase the size and maturity of loans to companies all over the country, as Raiffeisen Bank Aval will be able to work with high risks due to the partnership with the EBRD.
Also the framework of PI, the borrowers will have access to a variety of technical cooperation programmes, including a comprehensive package of technical assistance on the program EU4Business that is funded by the EU and implemented by EBRD. In particular, Ukrainian companies will be able to use international best practices in areas such as financial management, IT, and optimization management.
Chairman of the Board Raiffeisen Bank Aval, Volodymyr Lavrenchuk, said: “We are pleased to announce the beginning of our cooperation with EBRD the one important project, is expanding our ability to provide long-term financing and technical support for the average of the business. Last year we provided loans more than 1,100 companies, including 300 new customers. This program gives us the opportunity to double the support that we provided to Ukrainian companies in developing their business. This was remains a priority for our Bank”.
the EBRD Director in Ukraine Chevk Aguner said: “We are pleased to welcome our long-time partner — Raiffeisen Bank Aval — in the Program allocation of risks to the Bank. I sure this project will contribute to the development of lending to SMEs and the banking sector in Ukraine. It not only distributes risk among responsible lenders, and and improves the access of Ukrainian companies to the financing and helps them to improve the maintenance business”.
the EBRD is the largest financial investor in Ukraine. With our inception in country 1993 g. the Bank took the obligations’commitments on the provision of almost €12,1 billion the framework is about 400 projects.
Raiffeisen Bank Aval was founded 27 1992 to March , October 2005 g. the Bank is part of Austrian banking group “Raiffeisen Bank international AG”. As of 30 Sep 2017 the Raiffeisen Group belonged to 68,28% of the shares of Raiffeisen Bank Aval and the European Bank for reconstruction and development — 30%.
Raiffeisen Bank Aval offers a wide range of 2.5 million customers through its network, as the end of September 2017 was consisted of 500 offices all over the country.
