Pivdenny Bank expands its cooperation with the World Bank

On 9 June 2020, a subsidiary loan agreement between Pivdenny Joint-Stock Bank and Ukreximbank JSC entered into force. Thanks to this agreement, the bank was able to participate in a joint long-term financing project with the International Bank for Reconstruction and Development. Long-term financing of the bank's clients – export-oriented small and medium-sized enterprises within the project – will be aimed at the dynamic development of this segment, the fulfilment of export potential of enterprises and the development of European economic markets.

The trust of the World Bank is a special sign of the stability and reliability of Pivdenny Bank, and cooperation with the International Bank for Reconstruction and Development will help enhance the bank's image in the country's financial system and within the international arena.

The International Bank for Reconstruction and Development is the World Bank's main lending institution and the largest lender in developing countries with an average per capita income. The main goal of the IBRD is financial and advisory support to these countries, aimed at reducing poverty and promoting sustainable development, considering the environmental and social requirements of modern society.