Redcliffe Partners has advised the EBRD on a risk participation agreement with Piraeus Bank Ukraine with a total value of EUR 10 million.
According to Redcliffe Partners, "the EBRD will share the credit risk in eligible individual loans made by Piraeus Bank to domestic businesses. In order to become eligible, borrowers will need to comply with the highest business standards and conduct their business with due diligence and efficiency, in accordance with sound engineering, financial and business practices."
Redcliffe Partners reports that "the risk sharing will help increase the size and tenor of loans which are provided by Piraeus Bank to small- and medium-sized businesses across the country."
Redcliffe’s team included Managing Partner Olexiy Soshenko, Senior Associate Olesia Mykhailenko, and Associate and Eduard Olentsevych.