OREANDA-NEWS. On November 24, 2008 Kharkiv-headquartered Megabank, received second US5mln. tranche from KfW, a German government-run bank for development, reported the press-centre of Megabank. 

This tranche is another piece of financing for the US10 mln. loan agreement as of May, 2008. With these loan facilities, Megabank will invest into SME sector to underpin the sector's ability to perform and compete, and will also finance power efficiency projects, one of those will be to ensure better efficiency in household energy usage.

MEGABANK SNAPSHOT: Megabank is a versatile banker, catering an exhaustive range of services to corporate and private customers needs. As of November 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 UAH 2,787m., equity capital of UAH 332m., loan portfolio of UAH 2,182m., corporate deposit portfolio of UAH 427m., retail deposit portfolio of UAH 979m., and ten-month profit of UAH 21,313 thousand.

KfW SNAPSHOT: 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 EUR376 bln. as of 1.1.2008).

KfW has a triple-A rating. To promote its activities, KfW uses the capital market as 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.