Sayenko Kharenko has advised the International Finance Corporation on an approximately USD 11 million loan to Bank Alliance in Ukraine for the financing of SMEs, with a focus on agriculture.
The IFC, a member of the World Bank Group, is a financial development institution focused on the private sector in emerging markets. Bank Alliance is a universal bank operating in Ukraine since 1992.
According to Sayenko Kharenko, “the financing will enable Bank Alliance to provide financing to small and medium-sized enterprises across Ukraine, with at least 50% of the loan proceeds earmarked for companies in the agricultural sector. The IFC investment comprises a USD 5 million loan on IFC's account and an additional EUR 5 million mobilized from Invest in Visions IIV Mikrofinanzfonds.”
Sayenko Kharenko’s team was led by Partner Igor Lozenko and included Associate Denis Nakonechnyi and Junior Associate Oleksandr Motin.