Oschadbank to receive EIB guarantee of EUR 50 mln for lending small, medium-sized businesses

Chairman of state-run Oschadbank's board Andriy Pyshny, Head of EIB Representation in Ukraine Bruno Denis and Senior Structured Finance Manager at the EIF Martins Jansons signed the document.

Head of the Delegation of the European Union to Ukraine Hugues Mingarelli, who attended the signing ceremony, said that the agreement was concluded as part of the EU4Business initiative to improve the access of small and medium-sized businesses to financing.

Read alsoEuropean accelerator for Ukrainian reformsHe said that the European Union is aimed to facilitate economic growth and create new jobs across the country. All major players in the economic market, including Oschadbank, can count on the EU support.

In turn, Pyshny thanked the partners for their support, stressing that Oschadbank is actively expanding its work with European financial institutions, and the agreement is not the last. He added that this signal from the European Union, the European Investment Bank, and the European Investment Fund means "We support you".

"This is a fundamentally important signal," he said.