KUKE & Oschadbank supporting investments in Ukraine
We commence cooperation with one of the largest banks in Ukraine - Oschadbank to jointly support the investments of Polish companies and their participation in the reconstruction of our neighbor's country. The memorandum of understanding was signed on the part of KUKE by: CEO Janusz Władyczak and Deputy CEO Katarzyna Kowalska, and on the part of Oschadbank by president of the Management Board Sergii Naumov and vice-president responsible for the corporate division Yuriy Katsion.
The agreement stipulates the cooperation between the parties to provide financial instruments guaranteed by the State Treasury of Poland regarding to financing and contracts of Polish and Ukrainian companies with the Polish goods component, namely:
- Coverage of receivables (short-term financing of Polish export);
- Coverage of investments (long-term financing of greenfield and brownfield investments as well as M&A);
- Coverage of infrastructure construction projects (up to 10 years) of government and municipalities of Ukraine, as well as projects by private Ukrainian and foreign entities in which Polish companies participate.
KUKE was the first export credit agency (ECA) in the world to restore the coverage of ST export credit and investments in Ukraine after the Russian aggression in February 2022.
The agreement also enables cooperation between KUKE and Oschadbank in other areas that both parties consider mutually beneficial.