EBRD lends €20 million in local currency to ProCredit Bank Ukraine
Ukraine, Dec. 11 -- The European Bank for Reconstruction and Development (EBRD) is lending €20 million in local currency to ProCredit Bank Ukraine (PCBU) to boost the bank's medium-term lending to Ukrainian private micro, small and medium-sized enterprises (MSMEs), ensuring access to critical funding amidst a continuing challenging war environment. PCBU will onlend the proceeds of the loan to its MSME clients, supporting their working capital and investment finance needs to help protect livelihoods and ensure the continued operation of their businesses.As well as supporting firms impacted by?Russia's war on Ukraine, the loan will contribute to the resilience of?Ukraine's banking sector, since medium-term local-currency funding options...
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