2 july 2008Nordic Investment Bank USD 50 million Loan Facility for JSC UkreximbankJSC Ukreximbank signed Nordic Investment Bank’s initial USD 50 million 8-year Loan Facility.
The core item of the Loan Agreement is project financing aimed at environmental protection.
Financial resources under the Facility will be directed to accomplish domestic industry modernization projects, which in particular stipulate renewing equipment base, implementing processes to reduce power consumption and waste emissions and hence to increase efficiency.
The funds are provided for the period of 4 to 8 years under the terms of the Agreement.
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