Megabank, PJSC signed an agreement with the Swiss company BlueOrchard

Мегабанк заключил соглашение с швейцарской компанией BlueOrchard

“Megabank” signed a three-year loan agreement with BlueOrchard Microfinance Fund, which is managed by the Swiss company BlueOrchard.

The Bank will receive funding in the amount of 10 million euros, the purpose of which is the development of the microcredit Bank.

According to the Chairman of the management Board of “Megabank” Alexander Shipilov, financing for micro, small and medium business is a priority direction of the Bank’s development strategy. The Bank regularly works with foreign partners for empowerment funding.

PJSC “Megabank” operates in financial market of Ukraine for 28 years. Now the Bank serves 583 thousand customers, has 168 offices. Assets total 9 020 mln. In the framework of contractual relations with foreign partners 11 “Megabank” serves 14 targeted programs in an amount equivalent to 110 million USD.

BlueOrchard was founded in 2001 by the UN as the first commercial investor in microfinance. The company provides financing institutions in emerging and frontier markets. Today, the company BlueOrchard has invested $ 5 billion in 350 institutions in 80 countries.