As part of the EU for Ukraine Initiative, state-owned Ukreximbank has signed a financial agreement titled Economic Resilience Support Programme with the European Investment Bank (EIB) for €100 million.
According to the company, the new agreement will provide Ukrainian businesses with access to long-term financing sources for investment subprojects.
The purpose of signing the financial agreement is to expand access for private enterprises to long-term financing sources for investment subprojects and working capital needs of SMEs and mid-cap companies.
"Ukreximbank has a long-standing successful track record of linking the EIB with Ukrainian MSMEs through tailor-made programmes that support sustainable development. This financial package will enhance Ukreximbank's lending capacity, enabling the lender to provide much-needed funding to Ukrainian businesses to support them to continue their operations and safeguard livelihoods, which is crucial for fostering economic resilience and enabling Ukraine to rebuild in the aftermath of the war," said Teresa Czerwińska, Vice President of the European Investment Bank Group, who oversees the Bank's operations in Ukraine.
"Ukreximbank's partnership wih the EIB began 14 years ago, and we highly appreciate the Bank's strong commitment to supporting private enterprises in Ukraine. Today, Ukreximbank acts as a financial bridge between Ukrainian businesses and international financial institutions. One of our key missions is to foster economic growth and ensure a stable revenue flow for the country," stated Viktor Ponomarenko, Chairman of Ukreximbank's Management Board.
For reference, the European Investment Bank (EIB) is the lending institution of the European Union, owned by its member states. The EIB Group has supported Ukraine’s resilience, recovery, and economy since the first day of Russia’s full-scale invasion.
In 2024, the bank has backed projects aimed at securing Ukraine’s energy supply, restoring damaged critical infrastructure, and ensuring the uninterrupted provision of essential services nationwide.
Thus, the total assistance provided by the EIB since the beginning of the war has exceeded €2.2 billion. In 2024, the EIB signed agreements for new investments exceeding €250 million for projects aimed at further strengthening social infrastructure and supporting businesses, which form the backbone of Ukraine’s economy.
