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8.1.3 Bank news
The EU and EBRD sign a €70mn loan agreement with Raiffeisen Bank Aval, ProCredit Bank, and OTP Bank, under the EU4Business Local Small Business Financing Facility SME (Small & Medium Enterprise) program. The EBRD said: “These funds will be provided for investment, and as working capital of SMEs, which are the engine of the local economy and have created almost 80% of jobs in the country.”
54 UKRAINE Country Report November 2019 www.intellinews.com
