Sayenko Kharenko has advised the European Fund for Southeast Europe on its provision of a loan in the Ukrainian hryvnia equivalent of EUR 5 million to Bank Lviv.
EFSE is a privately managed development finance fund initiated by the KfW Development Bank with the financial support of the German Federal Ministry for Economic Cooperation and Development and the European Commission. EFSE uses capital provided by donor agencies, international financial institutions, and private institutional investors to finance medium and small enterprises in the target region, which includes Ukraine.
Bank Lviv is a regional bank providing banking services to micro, small, and medium enterprises and private clients across western Ukraine.
According to Sayenko Kharenko, the loan will be used by the bank to provide local currency financing for agricultural micro and small enterprises.
Sayenko Kharenko’s team included Partner Igor Lozenko and Associate Denis Nakonechnyi.