KYIV, June 23 (Reuters) - The European Bank for Reconstruction and Development will provide a 50-million-euro ($54 million) loan to one of Ukraine's biggest banks, state-owned Ukreximbank, under an agreement signed on Friday. Matteo Patrone, EBRD’s Managing Director for Eastern Europe and the Caucasus, said in a statement that the funding would help keep finance flowing to Ukraine's private sector and municipalities despite Russia's war on its neighbour. Russia's full-scale invasion in February 2022 has hit the Ukrainian economy hard, devastating Ukraine's infrastructure and denting its industrial production capacity. New financing from the EBRD will definitely strengthen the resilience and adaptability of Ukraine’s economy,” said Oleksandr Shchur, a member of Ukreximbank's Management Board. The loan agreement was signed at the EBRD's headquarters a day after Ukrainian officials wrapped up the Ukraine Recovery conference in London.

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Persons: Matteo Patrone, ”, Oleksandr Shchur, Volodymyr Zelenskiy, Zelenskiy, Olena Harmash, Timothy Organizations: European Bank for Reconstruction, EBRD’s, Eastern, Ukreximbank's Management, Timothy Heritage, Thomson Locations: Eastern Europe, Caucasus, Russia's, Ukrainian, Ukraine, London