UNIBANK FINANCED NEW PROJECT WITH THE EBRD CREDIT LINE

16.05.2006 [20:29]
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UniBank has financed 18 projects with the SE (small enterprising) support credit line from the European Bank for Reconstruction and Development (EBRD) to date. The loans on-lent so far have amounted to $373 thousand.

The agreement governing on-lending of the credit line was signed on 19 December 2005. The credit line envisaged equals $2 mn in the aggregate and is employed to finance projects in the two major fields of activity, namely, micro-projects and SE projects. It is intended to on-lend $1 mn in each field.

UniBank has a long history of successful co-operation with the EBRD. UniBank is in receipt of five EBRD credit lines. In 2002, the Bank was awarded an SE credit line in the amount of $1.5 mn, the amount of which was doubled in 2003

In 2005, the EBRD awarded UniBank a co-finance credit line (towards co-financing major projects costing over $1 mn) in the total amount of $5 mn. UniBank is anticipating investment of $5 mn of its own funds in the format of this project, while the total allocation for it will equal $10 mn.

UNIBANK FINANCED NEW PROJECT WITH THE EBRD CREDIT LINE

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