War-affected Ukrainian businesses to get €143 million financing boost with EU guarantee to ProCredit Bank Ukraine
Ukraine, Oct. 21 -- A range of Ukrainian businesses will be eligible for favourable financing of up to €143 million as a result of a guarantee that ProCredit Bank Ukraine is receiving from the European Investment Bank (EIB) Group.The European Investment Fund (EIF), which is part of the EIB Group, is providing the guarantee, which will enable ProCredit Bank Ukraine to offer loans on advantageous terms to more than 700 small and medium-sized enterprises (SMEs) in the country. The initiative will focus on support for companies affected by Russia's war, veteran-led businesses and women and young entrepreneurs, helping them maintain operations, protect jobs and pursue growth-boosting investments.The EIF guarantee is backed by the European ...
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