KIEV, UKRAINE — The European Bank for Reconstruction and Development (EBRD) announced on Nov. 21 that it will provide a loan of $25 million to Nibulon. The company is Ukraine’s leading grain producer, logistics operator and exporter. The loan will allow Nibulon to secure sufficient financing to support its operations at the time when availability of external funding to businesses is significantly reduced. This deal follows a syndicated facility of $130 million to Nibulon successfully organized by the EBRD earlier this year.
The Bank is continuing to pledge more resources to support the agribusiness sector, a key growth driver of the Ukrainian economy. Since the beginning of the year, the EBRD has already committed over €283 million to 135 agribusiness projects.
The EBRD is the largest financial investor in Ukraine. As of November 2014, the Bank had committed €9.9 billion ($12.4 billion) through 339 projects in the country.