Boryspil Airport received $ 10 million from Alfa-Bank Ukraine

30 May 2020

According to the loan Agreement dated May 14, 2020, the country’s largest airport Boryspil International Airport receives a loan of $ 10 million from Alfa-Bank Ukraine. The first tranche has already been transferred to the company’s account.

The aviation industry was hit hardest by quarantine, and Boryspil International Airport was forced to seek additional funding to support its activities. As a reliable financial partner, Alfa-Bank Ukraine supports the country’s economic recovery in difficult quarantine conditions and has entered into a $ 10 million loan Agreement with Boryspil Airport.

“The company’s revenues fell by more than 90%, and we were forced to seek help from the state and financial partners. Alfa-Bank Ukraine is a commercial bank that has supported us with credit funds. Thank to this support, we will be able to gradually resume our activities.” – Pavlo Ryabikin, General Director of Boryspil International Airport, emphasized.

“We understand how important it is in these conditions to support the activities and smooth exit from the forced downtime of the main air gates of the country. We are helping to revive the airline industry, which has suffered the most from quarantine restrictions and needs financial support more than ever. That is why we are glad to provide our resources and become a reliable financial partner for Boryspil International Airport and other airports of Ukraine.” – said Oleksandr Lukanov, President and Member of the Management Board of Alfa-Bank Ukraine.

Reference:

Alfa-Bank Ukraine is a large Ukrainian bank with international capital, part of the private investment holding company ABH Holdings S.A., headquartered in Luxembourg. According to the classification of the National Bank of Ukraine, Alfa-Bank Ukraine is a group of banks of foreign banking groups, a systemically important bank and is in the top-10 financial institutions in the country in terms of assets. The Bank occupies leading positions in all key segments of the banking market and is one of the most strong and reliable banks in Ukraine.

Boryspil International Airport is a state-owned commercial civil aviation enterprise under the Ministry of Infrastructure of Ukraine. Boryspil Airport is the only airport in Ukraine that successfully competes with major European hub airports. According to the  Airport Council International (ACI Europe), Boryspil International Airport  topped the ranking of growth among major airports in Europe in 2018 and 2019 – the first place in the group of European airports serving 10 to 25 million passengers.