ProCredit Bank and the European Investment Bank Group sign a guarantee agreement to support at least EUR 68 million financing to SMEs

We are pleased to announce the signing of a partial portfolio guarantee agreement between the European Investment Bank Group (EIBG) and ProCredit Bank in Ukraine for the financing of small and medium-sized enterprises (SMEs). The credit risk coverage level of the guarantee ranges from 30 % to 80 %, thus enabling the support of a financing portfolio starting from € 68 million.

This agreement has been made possible through the cooperation of the European Investment Bank, the European Investment Fund, ProCredit Holding AG and ProCredit Bank.

“Access to financing is critically important for businesses to adapt, grow, and contribute to economic recovery. We are pleased to collaborate with the EIB under this guarantee agreement, which will enable our clients to benefit from reduced collateral requirements and a lower interest rate — at least 0.5% below the standard rate. This creates additional opportunities for businesses to secure financing on favourable terms. This support is especially crucial in times of war when the business community requires maximum assistance,” said Oleksandr Povshednyi, Chairman of the Management Board of ProCredit Bank.

“In these challenging times, the resilience of Ukraine’s private sector is more critical than ever. By signing this new guarantee with ProCredit Bank, we are reinforcing our unwavering support. This partnership ensures that MSMEs continue to have access to the financing they need to survive and emerge stronger. Together, we are helping to foster economic stability and safeguard jobs, showing that even in the face of adversity, hope and growth can prevail,” said Vice-President Teresa Czerwińska of the European Investment Bank Group, who oversees the Bank’s operations in Ukraine.

This initiative is part of the EIB’s efforts to support economic growth and strengthen the entrepreneurial environment in Ukraine. Thanks to the new guarantee agreement, Ukrainian entrepreneurs will have better opportunities to develop their businesses, invest in modernisation, and expand production.

The finance provided to the ProCredit Bank has been made possible through the support of the European Union under the EU4Business Guarantee Facility.

About EIB in Ukraine

The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. The EIB Group has been supporting Ukraine’s resilience, rebuilding efforts, and economy since the very first day of Russia’s full-scale invasion. In 2024, the bank supported projects aimed at securing Ukraine’s energy supply, repairing damaged critical infrastructure, and ensuring the uninterrupted delivery of essential services across the country. This brings our total aid disbursed since the start of the war to over €2.2 billion. In 2024, the EIB signed over €250 million in new investment for projects to further enhance social infrastructure and support businesses that are the backbone of Ukraine’s economy.

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank (EIB) Group. It supports Europe’s SMEs by improving their access to finance through a wide range of selected financial intermediaries. The EIF designs, promotes and implements equity and debt financing instruments targeting SMEs. In this role, the EIF fosters EU objectives in support of entrepreneurship, growth, innovation, research and development, the green and digital transitions and employment.

About ProCredit Bank

ProCredit Bank in Ukraine is a German commercial bank specialising in serving small and medium-sized businesses as well as private clients. It is part of the international ProCredit group headquartered in Frankfurt am Main, Germany. ProCredit Bank offers a wide range of financial services, including loans, deposits, cards and bank transfers. Focusing on sustainable development and social responsibility, ProCredit Bank supports enterprises and contributes to the development of the Ukrainian economy.

About ProCredit Holding AG

ProCredit Holding AG, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The main shareholders of ProCredit Holding AG include the strategic investors Zeitinger Invest GmbH and ProCredit Staff Invest GmbH & Co. KG, KfW, the Dutch DOEN Participaties BV and the European Bank for Reconstruction and Development. As the group’s superordinated company according to the German Banking Act and as the parent financial holding company of the ProCredit financial holding group, ProCredit Holding AG is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. For additional information, visit: https://www.procredit-holding.com/