EBRD Lends $25M to UniCredit Leasing Ukraine to Support Small Businesses

The European Bank for Reconstruction and Development (EBRD) is providing a $25m loan to UniCredit Leasing Ukraine to support Ukraine’s banking and SME sectors.
The loan, which is a part of the $125m financing package for the UniCredit Group in Ukraine approved by the EBRD in 2009, acknowledges the importance of leasing as an alternative form of financing for smaller businesses that do not have the resources to buy capital intensive equipment straight away.
Especially in Ukraine, where several banks tend to focus on higher margin retail clients and larger businesses, leasing increasingly remains the only viable alternative for SME clients. As a result, in the current liquidity crisis, channelling long-term funding through leasing companies provides much-needed support to the real economy.

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