17:44
22.01.2021
IFC on Jan 25 to sign agreement to issue five-year EUR 30 mln loan to Ukrgasbank with possible conversion into bank's capital
2 min read
The International Finance Corporation (IFC) and the state-owned Ukrgasbank (Kyiv) will sign an agreement on January 25 to provide Ukrgasbank with a five-year loan for EUR 30 million with the possibility of converting it into a 20% stake in the bank's capital, the Finance Ministry has told Interfax-Ukraine.
According to the report, the execution of the agreement will become one of the important steps for the international financial organization to become a shareholder of the state bank in Ukraine, which, in turn, is the fulfillment of one of the state's obligations within the framework of the Stand-By Arrangement with the IMF.