ProCredit Bank Ukraine receives new guarantee from EBRD, enabling access to up to EUR 70 million for business financing

ProCredit Bank Ukraine is pleased to announce that the European Bank for Reconstruction and Development (EBRD) has provided the bank with a new non-financial portfolio risk-sharing guarantee. This will allow the bank to access up to EUR 70 million to finance Ukrainian businesses, including those operating in wartime conditions.

The guarantee will partially cover the risks of new loans issued by the bank, enabling continued support for small and medium-sized businesses across the country. Special attention will be given to companies operating in key sectors of the economy, including agriculture, manufacturing, pharmaceuticals, transportation and logistics.

This is the fifth risk-sharing portfolio facility provided by EBRD to ProCredit Bank since the beginning of the war. Over this period, EBRD has helped secure more than EUR 2 billion in financing for Ukrainian companies through partner banks, highlighting the institution''s important role in the recovery and development of Ukraine’s economy.

Up to 20% of all sub-loans covered by the EBRD’s guarantee will support financing of the long-term capital investments of micro-, small- and medium-sized enterprises (MSMEs) to upgrade their technology and equipment to European Union (EU) standards under the EU4Business-EBRD Credit Line. Eligible sub-borrowers will benefit from EU-funded technical assistance and grant support.

ProCredit Bank actively supports businesses affected by the war and encourages companies to employ veterans. Under the EU4Business-EBRD programme, the European Union has already allocated EUR 75.4 million in grant aid for Ukrainian businesses, with EUR 5.8 million provided through ProCredit Bank Ukraine.

The EBRD facility will be backed by first-loss risk cover funded the European Union under its Ukraine Investment Framework (UIF).

ProCredit Bank Ukraine, whose parent company is ProCredit Holding AG, is one of the top 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 employees, and are committed to implementing recommendations from the EBRD and the NBU to make financial institutions more accessible, safe and inclusive employers.

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.