3 Nov 2009 17:41

EIB providing 100 mln euro to Ukreximbank to energy project lending

KYIV. Nov 3 (Interfax) - The European Investment Bank (EIB) will provide a loan of 100 million euro to Ukreximbank (Kyiv) for lending to projects aimed at raising energy efficiency and environmental protection.

The loan was approved at the end of October, the EIB said in a statement posted on its web site.

Lending for energy efficiency projects are expected to go to small and medium enterprises, while larger corporations and municipal organizations might get the environmental loans.

It was reported earlier that Ukreximbank is already carrying out similar projects with the European Bank for Reconstruction and Development (EBRD) and German KfW.

The World Bank will consider a $250-million loan to Ukreximbank for energy efficiency lending at the end of July 2010. The Clean Technology Fund (CFT) might provide another $50 million for that purpose.

Ukreximbank was the 36th biggest CIS bank by assets and the 6th biggest among 182 Ukrainian banks listed on the Interfax-1000: CIS Banks ranking as of the end of 2008.