Another bank in Ukraine has received an EBRD guarantee to support €100M in energy investment.

The European Bank for Reconstruction and Development (EBRD) continues its backing of Ukraine’s energy security by providing Raiffeisen Bank Ukraine with an unfunded portfolio risk-sharing guarantee, facilitating energy sector investment totaling €100M.

Raiffeisen Bank is now the fourth bank, following Ukrgasbank, PrivatBank, and Oschadbank, to join the EBRD’s Energy Security Support Facility (ESSF). This guarantee will partially cover the risks associated with new sub-loans totaling €100M that the bank will extend to micro, small, and medium-sized enterprises, as well as to clients in the corporate and residential sectors, to implement decentralized energy generation, energy storage, and energy efficiency projects.

At least 70% of the sub-loans will support projects aligning with the transition to a green economy. Up to 20% of the sub-loans will be directed toward financing long-term capital investment that will allow businesses to modernize technologies and equipment to meet EU standards. The EBRD guarantees will cover 10-30% of the cost of investments made under the ESSF program.