The EBRD is partnering with more banks in Ukraine to support local businesses.

Today’s signing of a €50M Risk Sharing Framework (RSF) agreement between the EBRD and Credit Agricole Ukraine will enhance the bank’s lending capacity to make loans to a greater number of Ukrainian companies, including small and medium-sized enterprises. The signing of the RSF makes Credit Agricole Ukraine the fourth partner bank in the EBRD’s Unfunded Non-Recourse Risk Sharing Framework in Ukraine, joining Ukrsibbank BNP Paribas Group, Raiffeisen Bank, and Piraeus Bank.

Under the program, the EBRD will share the risk on individual loans above a €5M equivalent made by Credit Agricole Ukraine to companies of all sizes, up to a total limit of €50M.

Moreover, the EBRD provides a new portfolio risk-sharing credit line to Ukraine’s OTP Bank, owned by Hungary’s OTP Bank Plc. The financing will cover up to 50% of OTP Bank’s credit risk for €200M in new sub-loans for private enterprises operating in critical sectors: agriculture, energy, manufacturing, and transport. Up to 20% of the loans will support long-term investments by private micro, small and medium-sized enterprises.