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2 September 2019

Sayenko Kharenko advises EBRD on loan facility to Bank Lviv, the first bank in Ukraine to join the EBRD Women in Business initiative

Sayenko Kharenko has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing of up to EUR 5.3 million financial package to Bank Lviv.

The package consists of a 4-year loan of up to €4.3 million extended in local currency for on-lending to women-led micro, small and medium-sized companies. It will promote women’s entrepreneurship and participation in business by assisting with access to finance, know-how and technical advice.

In addition, the EBRD will provide EUR 1 million limit to Bank Lviv under the EBRD Trade Facilitation Programme (TFP) to stimulate international and regional trade.

Women in Business Programme is specifically focused on women-led small and medium-sized businesses. The EBRD provides access to finance through credit lines to local banks dedicated to developing women-led SMEs, alongside business advice to help businesses become more competitive. The programme also offers training, mentoring and other support to enable women entrepreneurs to share experiences and learn from each other.

Sayenko Kharenko’s team was led by counsel Igor Lozenko and included associate Vira Pankiv and junior associate Vladyslava Mitsai.

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