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Alfa-Bank Ukraine supports Ukrainian export development

Alfa-Bank Ukraine has signed a Memorandum of Cooperation with the Export Credit Agency (ECA) within the framework of the state programme aimed at supporting the export of goods of Ukrainian origin. Such cooperation will enable Alfa-Bank to expand the existing favourable financing conditions for exporters of the small and medium business segment.

The Export Credit Agency will insure, reinsure export credits and provide guarantees under foreign economic agreements that ensure the development of Ukrainian exports.

The agreement concluded between Alfa-Bank Ukraine and ECA provides for the bank's participation in the projects aimed at increasing the export of domestic goods and services to foreign markets using financial and insurance tools.

In its turn, ECA intends to consider requests from the bank under the accelerated procedures applicable for internal assessment and decision-making in insurance.

Ukrainian goods manufacturers that supply them to foreign markets or plan to do so in the future will be eligible for the programme.

Financing will be provided by Alfa-Bank to implement the terms of the actual export contract.

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