Ukraine

VTB opens US$100 m credit limit for Mria Bank SME lending

According to Mria Bank chairman Konstantin Vorushilin, Vneshtorgbank (VTB) is to open a $100m credit limit for Kyiv's Mria bank,

The money will be used to fund small- and medium-sized enterprises (SMEs) through corpor

EBRD invites proposals for factoring advisory services for banks and factoring companies

The European Bank for Reconstruction and Development (EBRD) intends to engage a consultancy firm to assist the selected issuing banks and financial companies in Ukraine by filling the gap between the growing demand for the sophisticated trade finance banking product such as factoring

SMEs slowly warm to factoring

Receivables finance is still in its infancy in the Ukraine, but an increasing number of small businesses are viewing it as a viable alternative to bank overdraft, industry experts claim.

Nataliya Tihovskaya, director o

Forum Bank borrows US$25 m to finance SMEs and export and import operations

Kyiv-based Forum Bank has borrowed US$25 m in a syndicated loan at...

Aval gets next US$1.8m tranche under EBRD credit line

Kyiv-based Aval Bank has received the next US$1.8m tranche under the credit line of the European Bank for Reconstruction and Development for five years, the bank's press service reported citing Andrey Rozhok, the bank vice-governor and treasury's

IFC launches project for developing leasing in the Ukraine

The International Finance Corporation (World Bank group) has launched a technical aid project to develop leasing in the Ukraine, Edward Coonen, the project's manager said.

EBRD to open US$10m credit line to Agio bank for SMEs

The European Bank for Reconstruction and Development (EBRD) is to open a US$10 m direct credit line to AGIO Bank (Kyiv) to finance small-and medium-scale enterprises (SMEs), EBRD country director in Ukraine Kamen Zahariev told Interfax-Ukraine.

IFC to lend US$35 m to private Ukrainian businesses

The International Finance Corporation (IFC) plans to open credit facilities worth more than US$35m for private companies in Ukraine in the 2005 financial year lasting from July 1, 2004 to June 31, 2005.

US allocates US$ 40m to Ukraine to support small business

The US Overseas Private Investment Corporation allocated US$40m to Ukraine to support small- and medium-sized businesses (SMEs) and mortgage crediting of housing construction.

Ukreximbank to receive US$50m credit from US Exim Bank

Ukrainian state export-import bank Ukreximbank is to receive a credit from US Exim Bank of US$50m to finance small- and medium-sized enterprise (SME) projects, bank Deputy CEO Igor Podolyev announced.