RLF - RLG - Kredobank 2026 (SME)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

An unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of EUR 60 million equivalent (the "Covered Portfolio") to be originated by Kredobank ("KB", the "PFI") in Ukraine.

The Facility will include two sub-limits with the Covered Portfolio of: (i) EUR 42 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 18 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57396).

Under the Resilience and Livelihoods Guarantee, sub-loans will finance a broader range of working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods.

Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the enabled financing), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects.

Project ID 57396

Status Exploratory

Location

Ukraine

Industry Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Natalia Zgoba
nvzhoba@kredobank.com.ua
+380503445741
www.kredobank.com.ua
Sacharova street, 78A Lviv Ukraine 79026

Project ID 57396

Status Exploratory

Location

Ukraine

Industry Sector

Financial Institutions

Notice Type

Private

Approval Date

14 May 2026

Disclosure date

10 Apr 2026

Project Description

Project Objectives

The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.

Transition Impact

The Facility will support the Resilient, Inclusive and Competitive TI qualities.

The Resilient quality stems from the credit enhancement mechanism provided by the Facility, which enables Kredobank to finance Ukrainian agricultural value chains and other critical industries and to preserve food and energy security, maintain consumption and access to critical goods as a vital step in safeguarding people's livelihoods and to reduce losses due to supply chain disruptions.

The Facility will also support the Inclusive quality by providing funding to Ukrainian businesses affected by the war, aimed at safeguarding their human and organisational capital. Providing affected businesses with financing will enable them to remain operational, may potentially limit staff shrinkages, and will allow entrepreneurs to preserve their organisational capital, i.e., the know-how needed to create systems of production combining human skills and physical capital. Furthermore, the facility will promote financial inclusion of war-affected groups in Ukraine through tailored financing for MSMEs and veterans. It provides technical assistance to support the financial inclusion and economic reintegration of veterans and preserve human capital of the PFI and sub-borrowers.

The Facility also contributes to a Competitive quality by improving MSME investments in line with EU standards, enhancing their competitiveness in domestic and export markets.

Client Information

KREDOBANK PJSC

Kredobank is a leading universal bank predominantly focused on operations in the west of Ukraine, ranked 14th by total assets (EUR 1.5B billion, 1.9% of the market share) out of 60 banks in the country (or 6th out of 14 foreign-owned banks) at YE2025. It serves its 54,000+ SME/corporate and 550,000+ retail customers through 64 branches.

EBRD Finance Summary

EUR 19,500,000

Total Project Cost

EUR 60,000,000

Additionality

Response to the war in Ukraine: the Facility is provided in the extraordinary circumstances of the ongoing war on Ukraine, serving as a significant risk mitigating instrument to enable financing of critical industries.

Gender Additional: Under the Facility, a dedicated financing share and technical assistance will be provided to women-led MSMEs. The PFI will also benefit from a comprehensive TA programme supporting the reintegration of veterans with dedicated advisory and assistance programmes for families and women.

Green assessments

The Facility is determined to be aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments. The alignment determination is based on the application of Pillar 1 (counterparty commitment to the Paris Agreement) and Pillar 2 (subitransactions filter).

Thirty-five per cent of the EBRD financing under the Resilience and Livelihoods Guarantee and seventy per cent of the EBRD financing under the EU4Business-EBRD Credit Line are classified as green finance, as they support activities that achieve climate-mitigation and climateiadaptation objectives. The attribution is made in line with the methodology for determining the green-finance share of EBRD investments.

Technical Cooperation and Grant Financing

Non-TC: The Facility will benefit from donor support in the form of the first loss risk cover for potential defaulted sub-loans in the Covered Portfolio.

TC and non-TC under EU4Business-EBRD Credit Line: MSME sub-borrowers will benefit from EU funded financial incentives for eligible sub-projects, while the PFI will receive technical assistance from dedicated consultants towards investment projects preparation and implementation.

TC Reintegration Programme for Veterans and Other War-Affected Persons into the Financial Sector: The facility will benefit from donor support for PFIs to become more inclusive for veterans, their families, and other war-affected groups, while offering non-financial services to sub-borrowers to foster reintegration and financial inclusion

Company Contact Information

Natalia Zgoba
nvzhoba@kredobank.com.ua
+380503445741
www.kredobank.com.ua
Sacharova street, 78A Lviv Ukraine 79026

PSD Last Updated

10 Apr 2026

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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RLF - RLG - Kredobank 2026 (SME)

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Green assessments

Technical Cooperation and Grant Financing

Company Contact Information

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

RLF - RLG - Kredobank 2026 (SME)

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

Green assessments

Technical Cooperation and Grant Financing

Company Contact Information

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)