EBRD, National Bank of Ukraine sign Memorandum of Understanding

MOSCOW. April 10 (Interfax) - The European Bank for Reconstruction and Development (EBRD) and the National Bank of Ukraine (NBU) have signed a Memorandum of Understanding to support financial institutions across Ukraine to make banks more accessible to veterans, both as clients and employees.

EBRD Managing Director for Financial Institutions Francis Malige and NBU Chairman Andrei Pyshny signed the document at a conference organized by the Economy Ministry in Kiev on Wednesday, Ukrainian media reported with reference to an EBRD statement.

Over 20 banks have joined the initiative to work together to make the financial sector more accessible to veterans, it said.

The EBRD also launched its own Veterans Reintegration Program at the conference, with the signing of guarantee facilities with two major Ukrainian banks to unlock 250 million euros of new financing for Ukraine's private sector, it said.