The Bank provided a EUR 30 million loan to Ukrgasbank, a leading Ukrainian financial institution, to promote financing for green energy, including energy efficiency, renewable energy and other “green” projects, thus reducing the carbon footprint in the Ukrainian industry. The BSTDB loan will also be used to help Ukrainian small and medium-sized enterprises (SMEs) to weather and recover after the pandemic crisis.

Ukrgasbank is a well-positioned “green” bank which promotes sustainable and “green” solutions in Ukraine. Given the challenging business conditions in 2020 amid the COVID-19 crisis, BSTDB financing aims to contribute to a better resilience of the SME sector, saving jobs and helping maintain income generation in the country.