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Redcliffe Partners Advises EBRD on Risk-Sharing Arrangement with Piraeus Bank Ukraine

Redcliffe Partners Advises EBRD on Risk-Sharing Arrangement with Piraeus Bank Ukraine

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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.

Redcliffe Partners at a Glance

Redcliffe Partners is a leading Ukrainian law firm that provides a full range of legal services to large national enterprises, international companies, financial institutions and private investors who are conducting business or investment activities in Ukraine.

We are involved in the majority of the largest and most complicated transactions and litigation cases in Ukraine.

Redcliffe is a top-tier law firm in Ukraine, being Tier 1 in all of our key practices: Banking, Energy and M&A according to Legal 500 2019.

The basis of our work and dynamic development is a powerful international team, practical experience in the most active business sectors, and impeccable professional ethics and business transparency.

Firm's website: www.redcliffe-partners.com