Ukraine's state export and import bank Ukreximbank has signed a loan agreement worth CHF50 million (Ђ33m) with Switzerland's UBS AG Bank.
The money will be used to finance equipment purchases, technology and services in Switzerland and other OECD countries for Ukrainian companies, and to insure against risks in export and import operations.
Ukreximbank, founded in 1992, is one of the Ukraine's top ten banks by asset volume. It is wholly owned by the government.
Source: Interfax
