The Black Sea Trade and Development Bank issued the following announcement on Oct. 8.
The Black Sea Trade and Development Bank (BSTDB) is providing a EUR 30 million loan to a leading Ukrainian Ukrgasbank to promote green financing for energy efficiency, renewable energy and other environmentally friendly projects, thus reducing the carbon footprint in the Ukrainian industry. The BSTDB loan can be also used to help Ukrainian small and medium-sized enterprises (SMEs) to recover after the pandemic crisis.
“We are pleased to team up with Ukrgasbank, a well-positioned “green” bank, to promote sustainable and green solutions in Ukraine. Given the challenging business conditions amid the ongoing Covid-19 crisis, the BSTDB financing will contribute to a better resilience of the SME sector, saving jobs and helping maintain income generation in the country,” said Dmitry Pankin, BSTDB President.
“Our partnership with BSTDB is especially important today when the Ukrainian economy is facing the aftermath of the pandemic. It targets our two strategic priorities at a time – supporting green initiative and SME sector which proved the most vulnerable in the face of COVID-19. We are sure that our joint input will help our economy on a recovery path,” said Andrii Kravets, Acting Chairman of the Management Board of Ukrgasbank.
Original source can be found here.