Ukraine: Agroprosperis Bank Supported by EFSE with a EUR 5 Mln Loan

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Feb 2019
Ukraine, February, 11 2019 - The European Fund for Southeast Europe (EFSE), an impact investment fund advised by Finance in Motion, has provided a local currency loan equivalent to EUR 5 million to Agroprosperis Bank (AP Bank) to support local farmers and agricultural producers.

Agroprosperis Bank CEO Serhii Shchepanskyi remarked: “Cooperation with EFSE will significantly increase the bank's ability to support Ukrainian small and medium-sized agricultural producers. This is the next step towards the consistent implementation of Agroprosperis Bank’s mission: bringing global resources to Ukrainian farmers. We strongly believe that providing underfinanced small farmers with proper resources in a responsible manner will boost the productivity of Ukraine’s entire agricultural sector and will have a positive impact on the development of rural areas.”

Maja Gizdic, Director at EFSE Advisor Finance in Motion, added that EFSE’s objective was not only to provide development finance for economic growth but to do so in a responsible manner that supports and sustains local infrastructure.

Previously AP Bank informed about the expansion in 2017 the range of services for farmers, increasing the maximum amounts and terms of loans. The bank financed a third of all agricultural receipts issued in Ukraine.

Agricultural sector financing in Ukraine (click for full resolution)



 

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