KFW Will Continue to Finance Ukrainian Banks
OREANDA-NEWS. February 15, 2010. Head of Eastern Europe, the German state development bank KFW Roland Siller said that KFW will continue to finance the Ukrainian banks from lending to small and medium businesses are not before the second half of 2010, reported the press-centre of MEGABANK.
Roland Siller said that the bank remains the priority development of small and medium-sized businesses through the support of Ukrainian banks. He also believes that the German state development bank KFW in 2010 will continue to work on these programs with only three banks - ProCredit Bank, Bank Pivdenny, MEGABANK. Bank calculates the serious risks and yet focus on technical assistance and consultation of partner banks ", - said Roland Siller.
According to him, funding partners with the capital of the German bank is only possible from the second half of this year, but it depends on how the Bank to determine the situation in Ukraine, in particular, its credit rating.
According to the Bank, the amount of funding to support small and medium enterprises in 2009 totaled 30 million euros. This year, the amount of assistance will be somewhat less. The final amount of funding will be known during the second half of 2010.
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