EBRD lends €50 million to Ukraine’s Ukreximbank

 “Ukreximbank has a decades-long successful track record of linking the EBRD with Ukrainian borrowers through tailor-made programmes that support sustainable development. In wartime as well as during the post-war recovery it is fundamental for Ukreximbank clients in priority sectors to have access to investments, commercial funds and war-risk coverage. New financing from the EBRD will definitely strengthen the resilience and adaptability of Ukraine’s economy,” said Oleksandr Shchur, Member of the Management Board of Ukreximbank. 

The loan will both reinforce Ukreximbank’s lending capacity, helping it to secure and diversify its funding base, and provide financing support to private businesses (including small- and medium-sized enterprises, mid and large corporates) and to municipalities affected by the war, thus contributing to safeguarding their human and organisational capital. 

The EBRD, which has committed to investing €3 billion in Ukraine in 2022-23 and which deployed €1.7 billion in 2022, plus a further €200 million mobilised through partner financial institutions, shares risk on its operations in the country with shareholders and donors. Half the risk of the loan will be covered by first loss risk cover funded by the EBRD Crisis Response Special Fund. 

Last December, the EBRD lent €25 million to Lviv, the biggest population centre in western Ukraine, with credit support from the United States of America covering half the loan, to provide liquidity to adapt.