OREANDA-NEWS. January 31, 2013. Joint Stock Company The State Export-Import Bank of Ukraine and European Investment Bank (EIB) signed a loan agreement in the amount of EUR100 million to be directed to SME projects as well as energy efficiency and environmental projects, reported the press-centre of Ukreximbank.

In accordance with the terms and conditions of the program implemented jointly with the EIB, Ukreximbank will provide subloans to final borrowers to finance investment projects with the total cost up to EUR25 million, exposure limit of up to EUR12.5 million and maturity of up to 15 years.

The EIB funds will be channeled for development of local private sector, social and economic infrastructure, including transportation, energy and environmental infrastructure, IT and communication technologies, as well as mitigation of and adaptation to climate change. The projects eligible for financing under the program include renewable power (solar, wind, biomass, small hydro plants) and environmental projects, projects of high efficiency heat and power cogeneration, energy transportation, modernization of heating, water supply and sewage systems.

The agreement with the EIB signifies the third Ukreximbank program implemented jointly with international partners, which combines financing of the nationally-important renewable energy and small and medium-sized enterprise sectors in Ukraine. The two previous programs have been in act since 2012 together with the European Bank for Reconstruction and Development and Global Climate Partnership Fund.

“Further development of cooperation with international financial institutions and the launch of a new program with such a reputed partner as the European Investment Bank are an evidence of trust of international financial community in our institution that has considerable financial strength and impeccable reputation” said Mykola Udovychenko, Chairman of JSC Ukreximbank.