OREANDA-NEWS. On June 24, 2009 The Board of Directors of International Financial Corporation (IFC) approved the decision about financing of Megabank, reported the press-centre of Megabank.

The investment project envisages granting to Megabank a 7 year sub-loan in the amount of USD 10 million and 3 year loan in the amount of USD 10 million. The purpose of the investment is to strengthen the capital and liquidity of Megabank during the current crisis in Ukraine, and foster future growth. Execution of respective agreements is planned for July.

Reference. Megabank has been cooperating with IFC since 2005. Megabank has been chosen the first pilot bank for participation in the project "Program of development of corporate management in Ukraine’s banking sector", which was successfully implemented during 2 years. лет.

IFC is an investment division of World Bank group, financing the development of private sector.