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

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

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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.

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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.

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