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Sayenko Kharenko Advises EBRD on EUR 10 Million Loan to Bank Lviv to Support Ukraine's MSMEs

Sayenko Kharenko Advises EBRD on EUR 10 Million Loan to Bank Lviv to Support Ukraine's MSMEs

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Sayenko Kharenko has advised the EBRD on a EUR 10 million synthetic loan in local currency to Bank Lviv.

Bank Lviv is a regional bank focusing on micro, small, and medium enterprises, with 18 branches in Western Ukraine.

The loan was provided under the EU4Business-EBRD Credit Line, a program aimed at enabling companies to upgrade their products and services in line with EU standards. According to Sayenko Kharenko, “the financing will enable Bank Lviv to diversify its funding structure with medium-term local-currency resources and support the growth of its MSME portfolio. At least 50% of the funds will be dedicated to financing green technology.”

The EBRD is the largest international financial investor in Ukraine. It has made a cumulative commitment of more than EUR 15 billion since the start of its operations in the country in 1993.

Sayenko Kharenko's team was led by Partner Igor Lozenko and included Associate Denis Nakonechnyi and Junior Associate Oleksandr Motin.

The firm did not reply to our inquiry on the matter.

Ukraine Knowledge Partner

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

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Firm's website: www.avellum.com

 

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