MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $100m to Small Businesses in the Ukraine, First $10m disbursed to Credit Europe Bank Ukraine

The European Bank for Reconstruction and Development (EBRD) has signed an agreement to loan USD 100 million for the benefit of micro-, small and medium-sized enterprises (MSMEs) in the Ukraine. The loan will be utilized by the end of 2013 and will concentrate on loan products, including rural lending through commercial banks. Of the total amount, Credit Europe Bank Ukraine (CEBU) has received USD 10 million. Financial information on CEBU is not available. As of November 2011, ERBD had committed USD 9.3 billion in Ukraine through 287 projects.

EBRD provides loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2010, EBRD invested in 386 projects with a total value of USD 30.2 billion.

About the European Bank for Reconstruction and Development (EBRD):
The European Bank for Reconstruction and Development (EBRD) is a development finance institution headquartered in London. The bank began operations in 1991 upon the agreement of 40 countries and is now owned by 61 countries as well as the European Investment Bank and the European Union. It aims to finance operations that are both commercially viable and assist development in 29 countries in Eastern Europe, Central Asia and more recently in Southern and Eastern Mediterranean region. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2010, EBRD invested in 386 projects with a total value of USD 30.2 billion.

By Ariana Malushi, Research Associate

European Bank for Reconstruction and Development: “ERBD Pledges US $100 million to Support Ukranian Small Businesses” http://www.ebrd.com/english/pages/news/press/2011/111220b.shtml

MicroCapital.org Story, November 16, 2011, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $10m to UniCredit Bank of the Kyrgyz Republic”
https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-loans-10m-to-unicredit-bank-of-the-kyrgyz-republic/

MicroCapital.org Story, December 22, 2011, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Arranges $9m Syndicated Loan for Microfinance Institution Mol Bulak Finance of Kyrgyz Republic Largely Funded by FMO, Loans $39m to ProCredit Bank Serbia”
https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-arranges-9m-syndicated-loan-for-microfinance-institution-mol-bulak-finance-of-kyrgyz-republic-largely-funded-by-fmo-loans-39m-to/

MicroCapital Universe Profile, ERBD
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=European+Bank+for+Reconstruction+and+Development+%28EBRD%29

Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/

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