Sayenko Kharenko has advised the European Fund for Southeast Europe on a EUR 10 million equivalent loan in UAH to Bank Lviv.
EFSE is a privately managed development finance fund initiated by 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 MSEs in the target region, which includes Ukraine.
Bank Lviv is a regional bank headquartered in Lviv providing banking services to MSMEs and private clients across western Ukraine.
According to Sayenko Kharenko, "the loan facility, formalized during the Ukraine Recovery Conference in Berlin, will reinforce Bank Lviv’s support for micro, small, and medium-sized enterprises. Additionally, the financing will be accompanied by dedicated MSME grants that will facilitate access to finance, helping MSMEs to secure business continuity and viability."
In 2023, Sayenko Kharenko advised the European Fund for Southeast Europe on EUR 4 million MSME financing to Bank Lviv (as reported by CEE Legal Matters on October 20, 2023).
The Sayenko Kharenko team included Partner Igor Lozenko, Senior Associate Oles Trachuk, Associate Yevhen Koval, and Junior Associate Polina Savinska.
