Ukraine's biggest banks sign memorandum on soft loans to rebuild energy infrastructure [Yahoo! Finance]
RAIFFEISEN BK IN UNSP/ADR (RAIFY)
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Source: Yahoo! Finance
The memorandum states that the banks are committed to making efforts to provide affordable lending to entrepreneurs implementing projects aimed at increasing Ukraine's energy independence. The joint memorandum was signed by 17 of Ukraine's largest banks, whose net assets as of 1 May 2024 accounted for more than 83% of the total assets of Ukraine's entire banking system. The signatories are Raiffeisen Bank, A-Bank, UKRSIBBANK, OTP Bank, MTB Bank, Credit Dnipro Bank, Kredobank, PUMB, SENSE Bank, Oschadbank, Ukreximbank, Ukrgasbank, Crédit Agricole, Piraeus Bank ICB, Pravex Bank, PrivatBank, and Globus Bank. Applications for preferential loans in the energy sector can be submitted at any branch of the signatory banks or through other channels, and will be considered on a priority basis. Depending on the segment, loans can range from €500,000 to €25 million. The client's own contribution should be between 10% and 50%, depending on the size of the project. Loans to small and micro
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