Bank Lviv and the German-Ukrainian Fund (GUF) have signed an agreement for EUR 3 million to provide lending for small and medium-sized enterprises (SMEs).
“In accordance with the signed loan agreements, Bank Lviv will provide loans to SMEs as part of a micro-lending program and a new SME program to support the financing of SME investment projects implemented in cooperation with the EU’s EU4Business initiative,” the bank reported.
Under the SME investment support program, loans will be provided to entrepreneurs who are engaged in agriculture, processing industry, hotel and restaurant business and implement energy-efficient projects. (Ukrinform/Business World Magazine)