OREANDA-NEWS. December 17, 2012. EBRD recently increased the Trade Facilitation Programme limit to USD170 million, significantly improving the Bank's international trade finance position.

Joint Stock Company State Export-Import Bank of Ukraine is expanding its co-operation with the European Bank for Reconstruction and Development (the EBRD) under the Trade Facilitation Programme. Recently, the EBRD increased the Programme limit for JSC Ukreximbank from USD120 million to USD170 million, which will enable JSC Ukreximbank to increase the volume of trade finance transactions and expand the range of financial instruments used for international contracts with counterparties from different countries and regions.

"The decision of our long-standing partners to provide additional facilities to our Bank enhances Ukreximbank’ s capacity to promote export-import activities of Ukrainian companies by providing them with products and services that replace simple loans and minimise trade-related risks," - said Elena Kozoriz, Head of Financial Institutions and Trade Finance Division of JSC Ukreximbank.

Under the Trade Facilitation Programme the EBRD provides guarantees to international confirming banks, taking the political and commercial risk of international trade transactions undertaken by banks in the EBRD countries of operations.

Since joining the Trade Facilitation Programme in May 2007 JSC Ukreximbank and the EBRD have implemented trade finance transactions totalling more than USD300 million.