Ukraine's Finance Ministry has received a 400 million euros loan from the European Investment Bank (EIB) to supply loans to the real economy sector as well as to small and medium-sized enterprises (SME) in Ukraine.
“According to the terms of the loan, the debtor in this agreement is Ukraine represented by the Ministry of Finance which will be providing loans to selected banks which will be funding the projects of their customers,” the ministry said on April 12.
The loan of the EIB can be provided by the Ministry of Finance to commercial banks which shall be funding mid- and long-term investment projects (up to 10 years) and providing resources for mid-term current assets (starting from two years) of private companies in Ukraine.
The sum of loans to companies can vary from 25 million euros (for small and medium-sized business) to 50 million euros for companies employing more than 3,000 persons.
The loan has been provided as a part of the investment project “Core loan for SMEs and mid-cap companies.”
The agent of the Ministry of Finance in the funds distribution is the state-owned Ukreximbank.
