EBRD and Citi Ukraine sign revolving credit facility to support Ukrainian clients
Ukraine, Feb. 14 -- The European Bank for Reconstruction and Development (EBRD) and Citi Ukraine have signed a US$ 100 million revolving credit facility in Ukrainian hryvnia to increase the availability of the national currency to local businesses affected by the war. This follows a similar facility agreed a year ago.The facility enables the EBRD to secure access to hryvnia liquidity and provide local-currency loans both directly and through domestic financial intermediaries to existing and potential clients in Ukraine. The funds will be used to support their liquidity, short-term working capital and trade-finance needs, while limiting currency exchange-related risks. Over the past decade the EBRD has been working increasingly with domestic...
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