Sayenko Kharenko acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing EUR 10 million synthetic loan in local currency to Bank Lviv under the EU4Business-EBRD Credit Line, a programme aimed at enabling companies to upgrade their products and services in line with EU standards.
The financing will enable Bank Lviv to diversify its funding structure with medium-term local-currency resources and support the growth of its MSME portfolio. At least 50 per cent of the funds will be dedicated to financing green technology.
EBRD is the largest international financial investor in Ukraine. EBRD has made a cumulative commitment of more than EUR 15 billion since the start of its operations in the country in 1993.
Bank Lviv is a regional MSME-focused bank with 18 branches in Western Ukraine.
Sayenko Kharenko team was led by partner Igor Lozenko and included associate Denis Nakonechnyi and junior associate Oleksandr Motin.