JSC ProCredit Bank receives a guarantee for EUR 70 million from the European Bank for Reconstruction and Development (EBRD) to support lending to small and medium-sized enterprises (SMEs)

JSC ProCredit Bank has signed an agreement with the EBRD, supported by the European Union and the United States, to provide an unfunded portfolio risk-sharing facility covering up to 50% of credit risk on newly issued loans for SMEs in Ukraine by ProCredit Bank.

This facility will enhance the bank’s lending capacity, enabling the lender to provide much needed funding to Ukrainian private companies operating in critical industries such as agriculture, manufacturing, transport and pharmaceuticals. This funding will help companies to continue their operations as well as safeguard livelihoods, which is crucial for fostering economic resilience and for enabling Ukraine to rebuild in the aftermath of the war.

Up to 15% of the risk-shared loans will be used to support long-term investments in European Union-compliant and green technologies on the part of private SMEs, thus improving their competitiveness in domestic and foreign markets.

JSC ProCredit Bank is a subsidiary of ProCredit Holding AG, headquartered in Frankfurt am Main, Germany, which owns 100% of the bank’s shares. The bank provides a wide range of services to SMEs and private clients in Ukraine.

The European Bank for Reconstruction and Development (EBRD) is a leading international financial institution that supports economic progress in 31 countries. Since the beginning of Russia’s full-scale invasion of Ukraine, the EBRD has provided over EUR 4 billion in assistance.