The EBRD expands cooperation with Ukraine’s KredoBank.

The EBRD is supporting food security and other critical industries in wartime Ukraine with a new risk-sharing agreement for KredoBank and opening a TFP limit for guarantees and cash advances to enhance the Ukrainian bank’s product offerings.

The EBRD will provide a €25M unfunded risk-sharing instrument, which covers 50% of the credit risk of newly originated financing provided by KredoBank up to a total value of €100M, subject to a portfolio cap of 50%. The risk-sharing facility will help KredoBank provide finance access for Ukrainian companies operating in critical industries such as primary agriculture and agricultural services, food processing, transport and logistics, retail, and pharmaceuticals.

In addition, €15M of the total €100M covered portfolio will be available to finance long-term investment by micro-, small- and medium-sized enterprises (MSMEs) in technologies and updating equipment to EU standards, including investment in sustainable and green technologies.