The EBRD will provide ProCredit Bank with a €70M guarantee for lending to Ukrainian businesses.

The European Bank for Reconstruction and Development will provide guarantees for Ukrainian ProCredit Bank sufficient to support €70M in new lending for small and medium-sized enterprises.

The EBRD guarantee will cover up to 50% of ProCredit Bank’s credit risk in Ukraine for new sub-loans to private companies operating in Ukraine. The agreement will allow the bank to finance Ukrainian private companies in the critical agriculture, manufacturing, transport, and pharmaceutical sectors.

This is the fourth risk-sharing agreement concluded with a Ukrainian bank since the beginning of the war. It increases ProCredit Bank’s total amount of EBRD-supported new financing to €165M. Up to 15% of the loans covered by the guarantee will support long-term investments of small and medium-sized enterprises in green technologies.