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28.12.2017 | 12:09
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EIB supports SME in Ukraine

EIB provided EUR 12 million guarantees to Raiffeisen Bank Aval to support SME

The European Investment Bank provided EUR 12 million guarantees to Raiffaisen Bank Aval (Kyiv) to support lending for SME, according to the EIB web site.

The EIB approved the respective decision on December 22, 2017.

Estimated total value of the credit project is EUR 140 million. 

The guarantees are provided within the EU-Ukraine Association Agreement, the Deep and Comprehensive Free Trade Areas (DCFTA).

Raiffeisen Bank Aval was registered on March 27, 1992. 

The bank became a part of Austrian banking group Raiffeisen Bank International AG from October 2005. 

As on June 30, 2017, Raiffeisen Bank International AG owns 68.28% of the bank, the European Bank for Reconstruction and Development - 30%. 

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