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Asters Advises DFC on Loan Portfolio Guarantee for ProCredit Bank

Ukraine
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Asters, working with Mayer Brown, has advised the United States International Development Finance Corporation on a loan portfolio guarantee for ProCredit Bank.

According to Asters, the 10-year loan portfolio guarantee agreement is for a total of "USD 28 million to support the financing of small and medium-sized enterprises in Ukraine. The United States Agency for International Development co-sponsored the transaction with DFC. The new guaranty will enable ProCredit Bank to disburse loans of up to USD 56 million in total with a credit risk coverage of up to 80%."

The Asters team included Partner Oleksiy Demyanenko, Counsel Oleksandr Khomenko, and Senior Associate Yuliia Savchenko.

Asters could not provide additional information on the matter.

Asters at a Glance

Founded in 1995, Asters is the largest Ukrainian law firm with offices in Kyiv, Washington D.C., Brussels and London.

The Firm provides efficient transactional legal advice and represents clients on a broad spectrum of matters arising in the course of doing business in Ukraine. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors.

Asters’ 130-strong legal team combines world-class professionalism and quality with clear understanding of local realities so that our clients receive practically oriented advice in the most client-friendly manner. Asters’ lawyers received law degrees from the best European, Ukrainian and US law schools, including Yale, Harvard, Chicago University.

Asters has consistently remained at the top of the Ukrainian legal market throughout its history being acknowledged as Ukraine Law Firm of the Year by Who's Who Legal (2018-2022), The Lawyer European Awards (2020-2021), Chambers Europe Awards 2020 and holds top positions in the most authoritative international market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who's Who Legal, Best Lawyers.

Firm's website.