EBRD and Piraeus Bank finance Ukrainian packaging producer Tatrafan

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EBRD and Piraeus Bank finance Ukrainian packaging producer Tatrafan

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EBRD and Piraeus Bank finance Ukrainian packaging producer Tatrafan

15 November 2021

€3.1 million from Piraeus Bank complemented by Risk Sharing Facility from EBRD
Loan to improve Tatrafan’s competitiveness
Financing to boost production capacity, cover working-capital needs

The European Bank for Reconstruction and Development (EBRD) and Piraeus Bank in Ukraine (PBU) are joining forces to support the business development of Tatrafan LLC, a Ukrainian producer of flexible packaging.

PBU is providing a €3.1 million loan, with EBRD sharing the risk at 50% of the loan amount through a Risk Sharing Facility (RSF). Tatrafan will use the financing to increase its production capacity as well as to cover working-capital and capital-expenditure needs.
Tatrafan, located in the western Ukrainian city of Lutsk, manufactures flexible wrapping films, which are used to produce packaging for food and for fast-moving consumer goods. Tatrafan is part of a broader group of companies active in the production of plastic packaging in Bulgaria, Finland and the Slovak Republic.

Piraeus Bank in Ukraine is a subsidiary of the largest financial group in Greece - Piraeus Financial Holdings S.A. and operates in the country since 2007. In Ukraine, Piraeus Bank focuses on serving top-tier SMEs operating in the agriculture, food processing, trade and manufacturing sectors. In early 2020, the EBRD arranged a financing package for PBU, which included a local currency loan of up to US$ 5 million equivalent for on-lending to small businesses and €10 million in funding under the RSF.
The EBRD is theleading institutional investor in Ukraine. To date, the Bank has invested more than €15.5 billion in 507 projects across the country, with a focus on assisting economic stabilisation, anchoring reforms, strengthening energy efficiency and energy security, and supporting agricultural and industrial projects as well as smaller businesses.

EBRD and Piraeus Bank finance Ukrainian packaging producer Tatrafan

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