JSC «CREDITWEST BANK» joined the Project of Ukraine and European Investment Bank “LOANS FOR SMES & MID-CAPS”

In November 2017, JSC «CREDITWEST BANK» entered into the agreement with the Ministry of Finance of Ukraine and Joint Stock Company The State Export-Import Bank of Ukraine (JSC «Ukreximbank») on sub-financing within the Financial Contract between European Investment Bank (EIB) and Ukraine dated 24.12.2014 aimed to implement the Project “APEX Loan for SMEs & MID-CAPS”(total amount – EUR 400 million).

 

JSC «CREDITWEST BANK» was selected by EIB and the Ministry of Finance of Ukraine as the banking institution that meets all requirements and was approved by EIB for the implementation of the Project through providing of financing to its clients.

 

The selection of projects for financing will be performed directly by JSC «CREDITWEST BANK» with regard to requirements set by EIB.

 

Small and medium enterprises play significant role in further stable development of the economy of Ukraine, thus it is very important to provide financial support for these businesses. As financing is provided for the term up to 5 years, participation in the project will ensure a strong long-term support for implementation of both investment and working capital financing projects. This project will allow providing funds to foster private sector growth, to support development of small businesses (up to 250 employees), mid-caps (250-3000 employees) and large enterprises (over 3000 employees), as well as of social-economic infrastructure, including energy efficiency and environmental projects.