Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

KfW Entwicklungsbank

EBRD Joins With KfW to Invest in Ukraine's MegaBank

Posted Tue, 25/08/2009 - 22:37

Eastern Ukraine's MegaBank is need of capital to strengthen its liquidity and the European Bank for Reconstruction and Development has stepped in to help. The EBRD has teamed up with German development bank KfW Entwicklungsbank to provide MegaBank with a total financing package of up to €28.9 million. Initially, a senior loan of € 10.4 million will come from the EBRD while KfW will provide a subordinated loan of € 2.5 million. The two lenders will loan additional capital in the future and may end up acquiring as much as 30% of MegaBank.