Sayenko Kharenko has advised the European Fund for Southeast Europe on its EUR 4 million local currency equivalent loan to Bank Lviv for on-lending to micro, small, and medium enterprises.
The EFSE is a privately managed development finance fund initiated by the KfW Development Bank with the financial support of the German Federal Ministry for Economic Cooperation and Development and the European Commission. The EFSE uses capital provided by donor agencies, international financial institutions, and private institutional investors to finance MSEs in the target region, which includes Ukraine.
Bank Lviv is a regional bank headquartered in Lviv providing banking services to MSMEs and private clients across western Ukraine.
The Sayenko Kharenko team included Partner Igor Lozenko, Senior Associate Denis Nakonechnyi, and Associate Yevgen Koval.