GUF representatives visited JSC “KredoBank” in Lviv to analyze procedures and approaches used by the bank to finance small and medium enterprises (SMEs) within selection of new partner banks of GUF. The analysis confirmed the high level of bank’s technology in lending to SMEs which in combination with eligible level of financial performance of the bank аre the main factors for partnership between the bank and GUF. During the visit, the meetings were held with Grzegorz Szatkowski, CEO of the bank, Yevhen Zaihraiev, executive director on corporate and SME business, and Iryna Gruy, director of SME department.
Round table on improving support for SME financing
For the purpose of improving SME access to finance under the GUF programs and in compliance with drafted SME Development Strategy 2020, the GUF arranged a round table with representatives of Ukrainian banks specialized in SME lending, the Ministry of Economic Development and Trade, the Ministry of Finance and the National Bank of Ukraine. The main part of the round table was dedicated to the discussion with representatives of Ukrainian banks, which outlined current status, prospects and obstacles of SME lending. GUF proposed a new approach in the implementation of SME loan programs in conjunction with measures to include SMEs to value chain in priority sectors of Ukrainian economy.
GUF signed the Memorandum of Partnership with JSC “Сreditwest Bank”
As part of the round table on improving support for SME financing, GUF signed Memorandum of Cooperation and Partnership with JSC “Сreditwest Bank.” An important prerequisite for the signing of this Memorandum became clear specialization of the bank on segment of small and medium enterprises as well as acceptable for the GUF financial condition of the bank. Signing of the Memorandum opens opportunities for the bank to participate in programs of GUF to support of SME financing.