EBRD and Piraeus Bank support Ukrainian packaging producer Tatrafan

EBRD and Piraeus Bank support Ukrainian packaging producer Tatrafan

November 17, 2021

The European Bank for Reconstruction and Development (EBRD) will support Piraeus Bank Ukraine (PBU) in providing Tatrafan LLC, a Ukrainian producer of flexible packaging, with a €3.1 million loan. The EBRD takes half the risk under the EBRD Risk Sharing Facility (RSF).

Tatrafan will use the financing to increase its production capacity as well as to cover working-capital and capital-expenditure needs.

Tatrafan, located in the western Ukrainian city of Lutsk, manufactures flexible wrapping films used to produce packaging for food and for fast-moving consumer goods. Tatrafan is part of a broader group of companies active in the production of plastic packaging in Bulgaria, Finland and the Slovak Republic.

The EBRD is a leading institutional investor in Ukraine. To date, the bank has invested more €15.5 billion in 507 projects across the country.

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