EBRD to help Ukrainian banks after IMF accord reached

European Bank for Reconstruction and Development President Thomas Mirow said the bank will offer support to Ukraine’s banks only after the country resumes cooperation with the International Monetary Fund.

“It depends on whether there is an agreement” between Ukraine and the IMF, Mirow said in an interview in London late yesterday. “We are ready to invest more than 1 billion euros ($1.27 billion) in Ukraine’s financial system and real economy if there is an agreement with the IMF.”

The London-based lender said on Feb. 18 it is ready to invest 500 million euros into as many as 20 Ukrainian banks, according to Bloomberg.