Sayenko Kharenko has advised the European Bank for Reconstruction and Development on providing a EUR 25 million equivalent loan to ProCredit Bank in Ukraine.
According to Sayenko Kharenko, “ProCredit Bank will on-lend the proceeds of the loan to micro, small, and medium-sized enterprises in Ukraine to invest in equipment and technology that meets European Union standards for product quality, health and safety measures, as well as environmental protection. At least 70% of the funds will be dedicated to financing green technology.”
ProCredit Bank is a wholly-owned subsidiary of ProCredit Holding, based in Germany.
Sayenko Kharenko’s team was led by Partner Igor Lozenko and included Associate Denis Nakonechnyi and Junior Associate Oleksandr Motin.