ProCredit Bank Ukraine has received a new unfunded risk-sharing facility from the EBRD, which will allow the bank to further support the country’s energy resilience by providing up to EUR 60 million in sub-loans to Ukrainian businesses and households for energy-related projects. Support is provided by the Netherlands, France and European Union (EU).

The EBRD risk-sharing mechanism is provided under the Energy Security Support Facility* (ESSF) and enables ProCredit Bank to finance projects aimed at developing new energy generation and storage capacity, as well as improving energy efficiency. At least 70% of the financing will be directed towards “green” projects that align with the principles of the Green Economy Transition (GET).

Additionally, up to 20% of the sub-loans will be offered to micro, small, and medium-sized enterprises (MSMEs) to upgrade technologies and equipment in line with EU standards under the EU4Business-EBRD Credit Line programme. Households will be able to access up to 8% of the total financing. They will also benefit from grant support funded by the Netherlands through the EBRD’s Crisis Response Special Fund (CRSF), which will cover between 10% and 30% of their investment costs financed under the ESSF. Higher incentives are available for businesses and households most affected by the war—those that have lost property or been forced to relocate, as well as to support the reintegration of war veterans, people with disabilities, internally displaced persons and those operating in the areas most affected by the war.

The risk-sharing facility is also supported by first-loss risk cover from France and the EU under the Ukraine Investment Framework (UIF).

This is the sixth risk-sharing instrument provided by the EBRD to ProCredit Bank since the start of Russia’s full-scale invasion, highlighting the resilience and effectiveness of the partnership. Overall, through its risk-sharing mechanisms with partners, the EBRD has already provided over EUR 2 billion in financing to Ukrainian borrowers.

ProCredit Bank Ukraine, whose parent company is ProCredit Holding AG, is one of the 15 largest banks in Ukraine by asset volume. The bank has extensive experience in financing small and medium-sized businesses and is a trusted partner of EBRD, supporting initiatives that contribute to the recovery of the economy.

We also actively support veterans, both among our clients and as an employer, and are committed to implementing the recommendations developed by the EBRD and the NBU for making financial institutions more accessible, safe and inclusive.

The EBRD is Ukraine’s largest institutional lender. It has significantly increased the scope of its lending to make a total of EUR 7 billion available to the country since 2022. It has secured agreement from its shareholders for a capital increase of EUR 4 billion in order to continue lending at this level in wartime and to increase its financing further when the time comes for reconstruction.

*The EBRD's Energy Security Support Facility is a programme under the Resilience and Livelihood Framework designed to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to support Ukrainian private businesses and households.