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Thursday, August 17, 2017

EBRD to loan Nibulon $25 million

The European Bank for Reconstruction and Development (EBRD) announced on Nov. 21 its intent to provide loans amounting to $25 million to Nibulon, a Ukrainian grain trader.

This group of loans is part of the larger effort on the part of the EBRD to support the Ukrainian Corporate Support Facility Project.

This funding comes at a time where other funds are not as available as they were in the past. With the EBRD funding, the company will be been able to continue operations. Nibulon is Ukraine's largest producer and exporter of grain, an integral part of the food supply.

The bank is increasing its representation in financing the agricultural sectors of the Ukrainian economy. The bank has financed a total of $352 million over 135 projects in the agriculture sector.

EBRD is one of the largest investors in the development of Ukraine, pumping $12.4 billion into 339 separate projects in the country as of this month.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

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