The European Bank for Reconstruction and Development (EBRD) is providing a loan of €25 million to Crédit Agricole Bank Ukraine to increase the competitiveness of micro, small and medium-sized enterprises (MSMEs) in the country. The loan is backed by grant funding from the European Union under its EU4Business initiative.
The new financing will enable the bank to expand its leasing solutions in Ukrainian hryvnia to MSMEs, so that companies can invest in upgrades of machinery, equipment and technologies that comply with EU product quality, health and safety, and environmental protection standards. The lender aims to dedicate at least 70% of the loan to financing green technologies, in line with the EBRD’s Green Economy Transition (GET) approach.
The funding is available under the EU4Business-EBRD Credit Line ‒ a joint initiative by the EBRD and EU to help companies bring their products and services in line with EU standards, foster workplace health and safety, and advance green practices.
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