The signing took place in Washington during the annual meeting of the International Monetary Fund and the World Bank Group, and the guarantee will cover 80% of a loan, in other words, the agreement will enable KredoBank to provide loans to businesses totaling $50 million, Ukrainian media outlets said with a reference to the bank on Friday.
Enterprises working on the entire territory under Ukraine's control and having no more than 300 employees and no more than $15 million can receive working capital loans, investment loans and leasing under the DFC's guarantees, the bank said. The maximum loan for a client is equivalent to $1.5 million. Agribusiness enterprises must receive at least 25% of all loans under the DFC's guarantees as part of the program.
Jakub Karnowski, first deputy chairman of KredoBank's board, said that thanks to the risk sharing programs in effect at the bank for more than two year, it managed to provide loans totaling 155 million euros to Ukrainian businesses.
KredoBank was founded in 1990. Its sole shareholder is PKO Bank Polski SA, Poland's largest bank. According to the National Bank of Ukraine, as of June 1, 2024, KredoBank was ranked 14th in the amount of assets, 57.93 billion hryvni, among the 63 banks operating in Ukraine.
