ProCredit Bank joins the EBRD’s Trade Facilitation Programme, supporting the development of Ukraine’s economy

London, 11 September 2024 – The European Bank for Reconstruction and Development (EBRD) has agreed to provide ProCredit Bank with up to EUR 10 million under its Trade Facilitation Programme (TFP). This will enhance ProCredit Bank’s ability to back Ukrainian exporters and importers. The agreement is aimed at supporting Ukrainian businesses in key economic sectors, thereby ensuring the stability of foreign trade flows amid the ongoing war.

Since the beginning of the full-scale war in February 2022, securing financing for Ukrainian importers and exporters has become significantly more challenging, as international banks are unwilling to take on the risks associated with trade operations in Ukraine. The EBRD’s Trade Facilitation Programme helps to address these difficulties by providing Ukrainian banks, including ProCredit Bank, with the resources needed to support and stimulate the export-import operations of Ukrainian businesses. This initiative strengthens Ukraine’s trade relations with its partners, helping to stabilise supply chains and enhance the country’s economic resilience, and aids in the recovery of its war-affected economy.

As a reliable partner of the EBRD, ProCredit Bank will continue to support trade operations that are vital for Ukraine’s economic stability.

JSC ProCredit Bank is a subsidiary of ProCredit Holding AG, headquartered in Frankfurt am Main, Germany, which owns 100% of the bank’s shares. ProCredit 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 institutional investor in Ukraine. Since the beginning of Russia’s full-scale invasion of Ukraine, the EBRD has provided over EUR 4.5 billion in financing to Ukraine’s real economy