Bank Lviv receives $40 million loan portfolio guarantee agreement from DFC to develop Ukrainian businesses

Bank Lviv entered into a strategic agreement with the U.S. International Development Finance Corporation (DFC) aimed at providing  Ukrainian entrepreneurs with critical financial support to help stimulate economic activity.  As part of the partnership,  Bank Lviv will receive loan portfolio guarantees worth USD 40 million,  enabling the bank to expand its lending capacity to local businesses. 

The DFC funding, provided by the United States Agency for International Development (USAID),  will allow Bank Lviv to offer Ukrainian businesses access to financing with favorable terms and minimal collateral requirements. This initiative will be especially useful for entrepreneurs interested in implementing investment projects obtaining loans with partial collateral coverage. The agreement also provides key support for Ukraine’s importers and exporters, enabling them to replenish working capital with limited collateral. 

“The $40 million guarantee from DFC is an important step towards strengthening Ukrainian business. Our entrepreneurs get access to financing that meets their real needs.  This is the third important deal we have concluded with DFC. Such consistency confirms the unwavering faith of the international business community in the potential of the Ukrainian economy,” said Ashot Abrahamyan, Chairman of the Board of Bank Lviv.

Today, the country needs urgent recovery. Bank Lviv continues to support businesses, helping them to create jobs, introduce innovations in production and replenish the state budget. The partnership with DFC exemplifies the power of international cooperation, which is the engine of development for the entire Ukrainian economy. 

About the United States International Development Finance Corporation U.S. International Development Finance Corporation (DFC)

The United States International Development Finance Corporation works with the private sector to finance solutions to the greatest challenges facing developing countries today. DFC also finances small businesses and women’s entrepreneurship to create jobs in emerging markets. DFC’s investments meet high standards and respect the environment, human rights, and labor rights.

About Bank Lviv

A European bank that has been providing reliable banking services to businesses and individuals in Western Ukraine since 1990. Bank Lviv is one of the fastest growing banks in the Western region of Ukraine and a leading lender to micro, small and medium-sized enterprises. Ranked among the top thirty banks in Ukraine, Bank Lviv operates through 19 branches in the West of the country and in Kyiv. The Bank cooperates with reputable international financial institutions such as KfW, EBRD, EFSE, GGF, EIB, USAID, DFC.