On December 28 Ukrgasbank signed new loan agreements with the German-Ukrainian Fund as a result of which total EUR funding provided by the German-Ukrainian Fund doubled to EUR 6.9 million and UAH funding increased 24 times to UAH 24 million. Execution of the new loan agreements followed successful utilization of funding available under open credit lines.

The loan facility period is 5 years. The cost of funding under the named facility allows the bank to reduce loan interest rate for the target SME customers. During 2016 in cooperation with German-Ukrainian Fund Ukrgasbank advanced 129 loans for the total of UAH 120 million.

Cooperation between Ukrgasbank and German-Ukrainian Fund began in 2012.

30.12.2016

Ukrgazbank PJSC published this content on 30 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2017 09:30:07 UTC.

Original documenthttp://www.ukrgasbank.com/en/press_center/news/11428-nemetckoukrainskiyi_fond_bolee_chem_v_2_raza_uvelichil_obemy_finansirovaniya_ukrgazbanka_dlya_kreditovaniya_msb

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