Ukrainian banks will receive millions from European partners to support businesses in Ukraine.

The EIB will provide state-owned Ukrgazbank with €120M in loans and a portfolio guarantee to support Ukrainian businesses and municipalities. This will help attract additional financing for SMEs worth millions of euros.

1. €50M will go toward modernizing the district heating infrastructure, developing decentralized heat generation, integrating renewable energy sources, and improving the energy efficiency of public buildings.
2. €70M will support the sustainability and green energy development of small and medium-sized businesses. This funding is additionally backed by a portfolio guarantee from the EU.

Meanwhile, state-owned Oschadbank will receive a €50M credit line from the EIB to finance projects in district heating and energy efficiency. The program also includes a €30M grant component.

Additionally, the EBRD will provide Ukrainian state-owned Privatbank and Ukrgasbank with unfunded credit lines totaling €274M in guarantees. This will enable the banks to issue up to €900M in new loans to support businesses, energy projects, and households.

Furthermore, the German government will allocate €40.5.5M in grants to Ukraine to support SMEs.

Also, the Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, announced new guarantees worth €185M for two projects. A guarantee of €100M was issued by BNP Paribas S. A., and €85M by ING Bank N.V. to cover their investments in subsidiary banks in Ukraine. This will reduce risks on the banks’ balance sheets and help ensure continued lending to businesses.