The European Bank for Reconstruction and
Development (EBRD) has announced a $25 million (€18.5 million)
credit line to UniCredit Leasing Ukraine, to provide leases to
local small businesses.
The loan is part of a $125 million financing
package for the UniCredit Group in the Eastern European country,
approved by the EBDR board of directors in 2009.
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The international financial institution said
in a statement that the loan to UniCredit Leasing “acknowledges the
importance of leasing as an alternative form of financing for
smaller businesses that do not have the resources to buy capital
intensive equipment straight away”.
The transaction is part of a package that the
EBRD had planned in response to the impact of the financial crisis
on Ukraine.
Last year, the EBRD signed agreements for
projects in the country totalling $870 million.
Antonio Fabrizio
