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The European Bank for Reconstruction and Development (EBRD) is extending a local-currency loan worth the equivalent of €10 million to JSC Joint Stock Bank Lviv to facilitate access to finance for micro, small and medium-sized enterprises (MSMEs) in Ukraine.

At least 50 per cent of the financing will be dedicated to supporting projects that promote environmental goals.

The EBRD loan will also help Bank Lviv to diversify its funding structure with medium-term local-currency resources and support the growth of its MSME portfolio, with a focus on sustainable green financing.

The financing is part of the EU4Business-EBRD credit line, a joint programme by the EBRD and the European Union, aimed at enabling companies to upgrade their products and services in line with EU standards, foster safe workplaces and promote green practices.

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This grant competition is a part of the project “EU4Business: SME Competitiveness and Internationalisation”. One of the tasks of the project is promotion for sustainability and development for the support system of SMEs in the cities and network of local communities in Ukraine.
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€20 million is being made available in local currency to enhance access to affordable finance for SMEs in Ukraine. The operation is backed by the European Union and comes under the Team Europe initiative aiming to provide a sustainable response to the coronavirus crisis.

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