OREANDA-NEWS. August 20, 2014. The European Bank for Reconstruction and Development (EBRD) continues to implement its assistance programme for its existing Ukrainian corporate clients.

The latest project under the EUR150 million Ukrainian Corporate Support Facility, approved by the Bank in April 2014, is aimed at supporting Ukraine’s leading meat processing company Globino.

The meat processor, based in the Poltava region, will use a USD 13 million loan from the EBRD to address its liquidity and working capital needs as well as to overcome the difficulties and constraints caused by the financial crisis and the reduced availability of external funding.

In 2011 the EBRD signed a USD 25 million loan to Globino Group for the modernisation of “Globinsky Meat Plant” and “Globinsky Pig Complex”.

Sevki Acuner, EBRD Director for Ukraine, said: “We know how important the agribusiness sector is for the Ukrainian economy. We welcome this signing because it allows us to support the growth of a strong local company. This new loan demonstrates our continuous commitment to Globino as a long-term partner.”