Last Updated February 01, 2008
The European Bank for Reconstruction and Development (EBRD) is providing a US$25mn loan facility to Ukraine's Bank Forum. The bank will then on-lend sub-loans of up to US$5mn to local private sector companies to finance their energy efficiency and renewable energy projects. Forum is the third Ukrainian bank to join the EBRD's € 100 million energy efficiency framework, approved by the bank’s board in October 2006. Its main purpose is to tackle Ukraine’s energy intensity, which is over three times that of the average for the European Union.
The European Bank for Reconstruction and Development is the biggest financial investor in Ukraine and as of January 2008 it had committed over € 3.2 billion via 158 projects.
Reader Comments