Raiffeisen Bank Aval has granted IFC's first loan in local currency
Kiev. 8 Aug. — Raiffeisen Bank Aval for the first time in the history of Ukraine provided today by the International Finance Corporation (IFC) loan in the national currency.
a Loan 400 million UAH issued by the Bank to 8 years. These funds IFC will direct on financing of investment projects of Ukrainian companies.
this, the Corporation provided financial support for Ukrainian companies in foreign currency. Recently, the national Bank of Ukraine has allowed international financial institutions to lend to customers, and at UAH.
“We are working to increase access to much needed financing for Ukrainian companies and to extend the term resources in the market. Our first loan in the national currency has already received the Auchan Retail. We are ready to provide financial products in local currency, will be structured taking into account the individual needs of the client. This is an important part of a broader IFC in Ukraine, which aims to support private sector growth and create new opportunities for Ukrainian companies», — told Jason Pellmar, regional head of IFC representative office in Ukraine and Belarus.
“We believe that this is a landmark transaction for Ukraine, which all the market was waiting for and which expands the ability of Ukrainian companies to attract long-term financing in national currency. Our Bank is proud of the fact that has the ability to work with IFC this is an important direction of support of the real economy”, — said Victoria masnaa, head of working with financial institutions Raiffeisen Bank Aval.
Raiffeisen Bank Aval and IFC have experience of successful cooperation in the number of projects, ranging from 2004 years.
Raiffeisen Bank registered on March 27, 1992, from October 2005, became part of Austrian banking group Raiffeisen Bank international AG. As at 30 June 2017, RBI belonged to 68,28% stake in the Bank, the European Bank for reconstruction and development — 30%. A wide range of banking services to more than 2.5 million customers Raiffeisen Bank Aval through a nationwide network, which includes almost 500 branches throughout Ukraine. Additional information —< / span> www.aval.ua
IFC, a member of the world Bank Group, is the largest global development institution focuses on the private sector of the countries whose markets are developing. Working with 2000 companies the whole world uses capital, expertise and influence to develop markets and to create opportunities in the most inhospitable parts of the world. In 2016 fiscal year long-term investments in countries countries reached a record level of 19 billion. The United States, supporting an important role of the private sector in the overcome poverty providing for the General welfare. Additional information —< / span> www.ifc.org
