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Sayenko Kharenko Advises EBRD on Loan to Bank Lviv Under Women in Business Initiative

Sayenko Kharenko Advises EBRD on Loan to Bank Lviv Under Women in Business Initiative

Ukraine
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Sayenko Kharenko has acted as Ukrainian legal counsel to the EBRD on its grant of an up-to EUR 5.3 million financial package to Bank Lviv under the EBRD's Women in Business Programme.

The package consists of a four-year loan of up to EUR 4.3 million extended in Ukrainian currency for on-lending to women-led micro, small, and medium-sized companies. It will promote women’s entrepreneurship and participation in business by assisting with access to finance, know-how, and technical advice.

In addition, the EBRD will provide EUR 1 million limit to Bank Lviv under the EBRD Trade Facilitation Programme to stimulate international and regional trade.

According to Sayenko Kharenko, "the EBRD's Women in Business Programme is specifically focused on women-led small and medium-sized businesses. The EBRD provides access to finance through credit lines to local banks dedicated to developing women-led SMEs, alongside business advice to help businesses become more competitive. The programme also offers training, mentoring and other support to enable women entrepreneurs to share experiences and learn from each other."

Sayenko Kharenko’s team was led by Counsel Igor Lozenko and included Associate Vira Pankiv and Junior Associate Vladyslava Mitsai.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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