OREANDA-NEWS. December 09, 2014. The European Bank for Reconstruction and Development (EBRD) has increased the limit available for the State Export-Import Bank of Ukraine (Ukreximbank) under the Trade Facilitation Programme (TFP) by USD 100 million to USD 270 million.

The decision is aimed at activating cross-border trade on the background of lack of external financing from both foreign commercial banks and Ukraine’s trading partners.

Ukreximbank provides international trade finance services to leading Ukrainian enterprises, including major exporters. The Bank joined the EBRD TFP in May 2007 and today is one of the most active banks in trade finance in Ukraine. Since then, Ukreximbank has used TFP for financing of 260 transactions for total over USD 650 million.

"This decision of our trusted partner and the largest financial investor in Ukraine was based on positive assessment of the state-owned bank efficiency in trade finance, – said Oleksandr Shchur, Member of the Board of Ukreximbank. – The increased limit allows us to bolster traditionally strong support of international trade business of our customers".