Swiss Symbiotics SA provides USD 7.75mln facility for domestic Megabank

Swiss Symbiotics SA provides USD 7.75mln facility for domestic Megabank

The loan is aiming at support of SME in Ukraine

Symbiotics SA from Switzerland provided USD 7.75mln loan for Megabank, the press service of the bank has informed. The funds will be channeled for crediting of small and medium enterprises in Ukraine fueling their working capital mainly. At this, loans can be obtained for purchasing of a production equipment by SMEs. Megabank is successfully operating at the Ukrainian banking market for 26 years. The shareholders of the bank are the EBRD, German state bank KfW, and IFC. Symbiotics SA was registered in 2004 headquartered in Zheneva. Its core business activity is a support of SME. The investment portfolio of Symbiotics SA amounts to USD 1.2bn.

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