IFC to issue five-year EUR30 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) on January 25 signed an agreement 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 press service of the National Bank of Ukraine (NBU) has told Interfax-Ukraine.
The signing ceremony was attended by President of Ukraine Volodymyr Zelensky, Minister of Finance Serhiy Marchenko, NBU Governor Kyrylo Shevchenko, Chairman of the Board of Ukrgasbank Andriy Kravets, and IFC Regional Manager for Ukraine, Belarus and Moldova Jason Pellmar.