The FINANCIAL -- During its 5th Bank Partners Meeting in Dubai, International Finance Corporation (IFC), a member of the World Bank Group, recognized Joint Stock Company The State Export-Import Bank of Ukraine (Ukreximbank) as the best issuing bank under the IFC Global Trade Finance Program (GTFP) in Europe and Central Asia for pre-export financing in 2012.

According to IFC, Ukreximbank is a leading trade finance intermediary in Ukraine . It was the first bank in Ukraine to join the IFC GTFP in 2009 as an issuing bank with the initially established guarantee limit of USD 40mn. As The State Export-Import Bank of Ukraine announced, in 2012, the IFC trade finance guarantee to Ukreximbank was increased to USD 100mn.

Additional financing will further support Ukreximbank’s ability to provide better access to finance for export-oriented companies, helping sustain the country’s economic recovery, enhance foreign trade and create jobs.

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