• EBRD four-year €7.5 million loan to Bank Lviv
• Long-term local currency lending to support Ukrainian MSMEs
• Project supported by EU with incentive grants under EU4Business initiative

Micro, small and medium-sized enterprises in the western part of Ukraine will benefit from a new loan of up to €7.5 million to Bank Lviv provided under the EU4Business-EBRD Credit Line. The loan will be available for disbursement in Ukrainian hryvnia, which will protect Bank Lviv’s borrowers from foreign currency-related risks and offer long maturities.

The funds are provided in the context of the Deep and Comprehensive Free Trade Agreement (DCFTA) between the European Union (EU) and Ukraine. EU grants will be offered as investment incentives to eligible enterprises to reduce the cost of their capital expenditure on upgrades of technology and production processes to comply with EU standards and regulations.

Bank Lviv and its clients will also receive technical assistance from the EU4Business-EBRD Credit Line consultants, who will assist with project preparation and implementation.

Bank Lviv CEO Ashot Abrahamyan said, “The deal we signed today with the EBRD represents a convincing example of what real partnership means in difficult times. As a bank, we are committed to  continuing to  provide financing to MSMEs, especially to agricultural producers. We are grateful to the EBRD and the EU for their commitment and readiness to support our institution and our clients, so that we can move forward together.”

Bank Lviv is a regional bank providing banking services to MSMEs and private clients across the western part of Ukraine.  It is well established in the Lviv, Ivano-Frankivsk, Lutsk, Rivne, Ternopil and  Uzhhorod regions as well as the capital, Kyiv.

The EBRD is a leading institutional investor in Ukraine and, to date, has committed more than €14.54 billion  to over 460 projects  within the country.