EBRD to provide Ukrgasbank with 25 million euros to help local businesses grow

The European Bank for Reconstruction and Development will provide state-owned Ukrgasbank a 25 million euro loan to help smaller businesses to grow in Ukraine, the international financial institution announced on June 17. 

The hryvnia equivalent of the loan will be given to Ukrgasbank, a key local lender that focuses on financing projects that promotes resource efficiency and reduces CO2 emissions using renewable energy.