21
Thu, Nov
61 New Articles

Sayenko Kharenko Advises IFC on USD 11 Million Loan for Bank Alliance

Sayenko Kharenko Advises IFC on USD 11 Million Loan for Bank Alliance

Ukraine
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Sayenko Kharenko has advised the International Finance Corporation on an approximately USD 11 million loan to Bank Alliance in Ukraine for the financing of SMEs, with a focus on agriculture.

The IFC, a member of the World Bank Group, is a financial development institution focused on the private sector in emerging markets. Bank Alliance is a universal bank operating in Ukraine since 1992.

According to Sayenko Kharenko, “the financing will enable Bank Alliance to provide financing to small and medium-sized enterprises across Ukraine, with at least 50% of the loan proceeds earmarked for companies in the agricultural sector. The IFC investment comprises a USD 5 million loan on IFC's account and an additional EUR 5 million mobilized from Invest in Visions IIV Mikrofinanzfonds.”

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

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

 

Our Latest Issue