According to the EBRD’s website, the bank plans to provide a €70 million loan to Nova Poshta LLC to implement components of the 2024 investment program, which includes the expansion and modernization of post offices and the branch network, the purchase of new equipment, and the implementation of security measures, including the installation of protective capsules and shelters in workspaces.

The board of directors intends to consider the project at its meeting on July 17.

The total cost of the project is €94.1 million.

The EBRD has previously lent to Nova Poshta, and this is the fourth project in cooperation with the company.

Founded in 2001, Nova Poshta LLC unites a network of 11.4 thousand branches and 15.5 thousand post offices.

Source: Inventure