OREANDA-NEWS. April 27, 2012. European Fund for Southeast Europe (EFSE) and PJSC "MEGABANK" set up a loan contract about five-year funding for 7 million US dollars total, reported the press-centre of MEGABANK.

"MEGABANK" will use this money for crediting agricultural projects as well as private entrepreneurs in agricultural sector of Ukraine.

Reference. European Fund for Southeast Europe (EFSE) started operations in December 2005 and represents the first public-private partnership of its kind. Organised by KfW bank, EFSE is the largest microfinance investment fund in the world with investment portfolio to EUR 562 mln. Aimed at stimulating an economic development and prosperity in South-Eastern Europe, EFSE offers long-term instruments to local financial institutions for on-lending micro and small enterprises, as well as low-income households.

The Foundation has a strong base of shareholders and investors represented by donor countries, international financial institutions and private institutional investors, including the European Commission, German Federal Ministry for Economic Cooperation and Development (BMZ), the government of Austria, Switzerland and Denmark, KfW, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), Netherlands Development Finance Company (FMO), European Investment Bank (EIB), Austrian Development Bank (OeEB, "Sal. Oppenheim", "Credit Cooperatif" and "Deutsche Bank". The first government of South-Eastern Europe – the Government of the Republic of Albania has recently joined the family of shareholders of EFSE. It operates in Albania, Bulgaria, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Moldova, Romania, Ukraine, Montenegro and Serbia.

PJSC "MEGABANK" provides financial services to corporate and private clients and operates in the banking market since 1990. The bank's shareholders are international financial institutions: European Bank for Reconstruction and Development (EBRD), Credit institutions for reconstruction (KfW), International Finance Corporation (IFC). Bank's regional network includes 200 offices in 24 regions of Ukraine. As of 01 April 2012 the bank's assets are UAH 4,673 mln., loan and investment portfolio – UAH 3,789 mln., the bank's capital – UAH 739 mln, current year profit – UAH 1,923 thousand. "MEGABANK" provides a full range of classical banking services for 451 thousand of customers including 124 thousands of pension receivers and other social benefits.