EBRD extends new guarantee to Raiffeisen Bank Ukraine to unlock €200 million of business finance
Ukraine, Sept. 10 -- The European Bank for Reconstruction and Development (EBRD) is extending an unfunded portfolio risk-sharing facility to Ukraine's Raiffeisen Bank Ukraine (RBU) to unlock €200 million of new finance for Ukraine's businesses amid Russia's ongoing war on the country.The EBRD's facility will cover up to 50 per cent of Raiffeisen's credit risk on new finance worth €200 million for businesses operating in Ukraine. Through this credit enhancement mechanism, RBU will provide subloans to companies in critical industries such as agribusiness, manufacturing, pharmaceuticals, transport and logistics.This is the fourth such EBRD facility extended to RBU.Similar to previous instruments, the new facility will enhance the c...
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