OREANDA-NEWS. On September 06, 2008 delegation of KfW (a German government-owned bank for development), as composed of Member of the Board of Managing Directors Ms. Ingrid Matthaus-Maier, Vice-President Ms. Doris Kohn and Kirk Mildner, has visited Megabank, reported the press-centre of Megabank.

During the visit, the delegation familiarized themselves with the Megabank’s Integrated [Utility Payments] Clearing Center (ICC). A study look was taken at Megabank’s experience in ICC development and establishing relations with the local utilities providers.

During the meeting with Chairman of the Management Board Ms. Olena Zhukova, the participants thereof had discussions of SME financing issues and agreed upon financing programs aimed at energy efficiency. For the reference, in May, 2008 KfW and Megabank executed a loan agreement for a USD10mln. credit line issuance to the latter, repayment period of 5yrs.

KfW Bankengruppe (KfW Banking Group) http://www.kfw.de/ is a provider of financing instruments for small and middle-sized enterprises (SME), and tailors its financing solutions to the needs of environment protection, efficient use of power and natural resources, it is also a key provider of export finance and project finance.

As a bank owned by the federal government (80%) and the Lander (20%), KfW has a strong backbone and is proven to be one of the major German banks (assets amount to ?376 bln. as of 1.1.2008). KfW has a triple-A rating.

To, promote its activities, KfW uses the capital market, as a leverage. KfW Entwicklungsbank – is one of the leading providers of microfinance. Acting on behalf of the German federal government, it is a world-recognized promoter in building up social and economic infrastructure of partner countries.