Client: European Bank for Reconstruction and Development
Duration: 2006-2008
Region: Eastern Europe and Central Asia
Country: Ukraine
Solutions: Economic Growth
Since its inception in 1992, Aval Raiffeisenbank has strengthened its position in the Ukrainian market through an extensive branch network and a strong customer deposit base. Aval Raiffeisenbank has been strong in micro and small business lending, and in lending to larger business borrowers. However, in 2006, the bank assessed its need to address the segment that lies between these two. The European Bank for Reconstruction and Development contracted DAI to establish a small and medium-sized enterprise (SME) lending program and ensure through an institution-building program that Aval Raiffeisenbank’s commitment to SME lending was sustainable.
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The Advancing Commerce Connectivity and Exports Leading to Economic Readiness for Accession to the EU (ACCELERATE) program is a regional buy-in mechanism is designed to advance EU market integration and support the EU accession of up to 12 countries, including Ukraine, Moldova, and countries across the Western Balkans and the Caucasus.
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