The Cabinet of Ministers approved the attraction by the State export-import bank of 150 mln dollars from the International Bank for Reconstruction and Development for developing the small and medium business. Finance.ua reports.
The relevant decision was approved at the government session on Tuesday.
“It (agenda item) concerns the attraction by Ukreximbank of the IBRD loan for 150 mln dollars against the guarantees of the government. The important thing is that small and medium enterprise will use these funds for entry to export markets”, Minister of Finance Alexander Danyliuk said.
The regulation, approved by the government, regulates the conditions of provision of state guarantees against the specified loan and terms for its attraction.
As reported, in early February, the Cabinet of Ministers approved the decision to increase capital of Oshchadbank for the amount of UAH 3.5 bln, Ukreximbank – for UAH 3 billion.
100% shares of Ukreximbank PJSC are state-owned.
In 2016, Ukreximbank decreased losses 14 times to UAH 1,011,106 bln (losses in 2015 – UAH 14.131 billion).
