Feedback

Ukrgasbank receives $17 million of trade finance from European Bank

Source : 112 Ukraine

94,4% of Ukrgasbank’s authorized capital belongs to the state represented by Ukraine’s Finance Ministry. Since 2015, Ukrgasbank is included in the list of objects of state property of strategic importance for the economy and security of the state
19:12, 21 December 2018

Open source

Ukrgasbank received an inter-bank unsecured loan in the amount of $17 million for the term of 180 days from the European Bank. The means will be sent to the funding of the external economic trading clients of Ukrgasbank, as the website of the financial institution reported.

For today, the fact that the bank received trade finance from the European financial institution shows a high level of credibility to the Ukrainian state bank, which exceeded all the planned indicators, including those of the trade finance sector.

Related: Ukraine’s National Bank withdraws banking license of Russian “VTB Bank”

Trade finance was received at a competitive price, which would help Ukrgasbank to increase support and financing of the external economic trading operations of its clients.

94,4% of Ukrgasbank’s authorized capital belongs to the Ukrainian state, represented by Ukraine’s Finance Ministry. Since 2015, Ukrgasbank is included in the list of objects of state property of strategic importance for the economy and security of the state.

Related: Ukraine’s National Bank appeals to Geneva Court against businessmen Ihor Kolomoyskyi

Ukrgasbank is the only state bank which is among top-5 most stable banks of Ukraine, according to Minfin web portal. Over 11 months of 2018, its net profit made $24,5 million, which already exceeds the planned annual indicator.

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more