The European Bank for Reconstruction and Development (EBRD) is providing two new unfunded portfolio risk-sharing facilities to Ukreximbank, Ukraine’s state export-import bank, unlocking €200 million in fresh lending to support Ukrainian businesses, state-owned enterprises, and municipalities during the ongoing Russian invasion.
Under the agreement, the EBRD will cover 50% of the credit risk on Ukreximbank’s newly issued sub-loans. Half of the funding — €100 million — will be directed to businesses in critical sectors, while the remaining €100 million will support energy generation, energy storage, and energy efficiency projects across Ukraine.
The facilities are designed to bolster Ukreximbank’s lending capacity at a time of extraordinary economic pressure. They also aim to enhance the competitiveness of micro, small, and medium-sized enterprises (MSMEs), with 20% of sub-loans earmarked for EU-compliant and green technologies. Eligible borrowers will benefit from EU-funded technical assistance and investment incentives, particularly businesses affected by war-related damage, displacement, or workforce disruptions, including veterans, internally displaced people, and persons with disabilities.
Ukreximbank has committed to implementing inclusive employment practices in line with the EBRD and National Bank of Ukraine guidance, further supporting war veterans as employees and clients. The facilities are backed by partial first-loss coverage from France and the EU under the Ukraine Investment Framework.
Since the outbreak of Russia’s full-scale war, the EBRD has facilitated nearly €3.2 billion in financing for Ukrainian borrowers through 38 similar facilities with 12 partner banks. Ukreximbank, fully state-owned, is Ukraine’s third-largest bank by assets, with 50 branches nationwide and representative offices in London and New York.
