EIB to enhance support to large corporate business in Ukraine

Source : 112 Ukraine

Conditions for funding and investment are improving in the country, the bank’s representative says
16:23, 29 January 2016

The European Investment Bank (EIB) plans to extend support of large corporate business in Ukraine in the current year, said EIB Senior Corporate Banker Jean-Jacques Soulacroup (Interfax-Ukraine).

“This year, we are eager to support private business, and not only small and medium business, but entities of large corporate business as well. Only 11 percent of our portfolio is allocated for funding large corporate business. Our goal is to assist leading companies with good management and potential for development. We’re determined to work with those who suffered current economic situation”, he said at an international conference in Kyiv on January 29.

Soulacroup added that such companies need long-term money, too, and that’s what the EIB can provide. However, for that the organization needs support of other financial authoritative bodies.

According to the official, the bank allocated about EUR 800 mln to fund Ukraine’s large corporate business. “We expect to keep the funding volumes at the same level, maybe even extend the suppot”, the EIB representative said. According to him, the bank also negotiates with the Ukrainian government on funding projects in area of transport, energy and trade support. 

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