OREANDA-NEWS. On September 23, 2008 Kharkiv-headquartered Megabank received first tranche of USD5 mln., granted by KfW (Germany) as per the loan agreement. With these loan facilities, Megabank will invest into SME sector to enhance the ability to perform and compete, and finance power efficiency projects, one of those is to ensure better efficiency in household energy usage, reported the press-centre of Megabank.

The USD10 mln. loan agreement was executed by and between Megabank and KfW as of May, 2008, with a maturity of 5 yrs.

Megabank is a versatile banker, tailoring an exhaustive range of services to corporate and private customers needs. As of September 1, 2008, the network with 191 branch offices (3 affiliated branches, 1 representative office and 187 branches), covers 24 regions of Ukraine.

Megabank reports net assets of UAH2,558 mln., equity capital of UAH330 mln., credit portfolio of UAH2,015 mln., corporate credit portfolio of UAH426 mln., personal deposit portfolio of UAH921 mln., and eight-moth profit of UAH18,323 thousand.

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.