The European Bank for Reconstruction and Development (EBRD) has signed two important agreements with Ukrainian banks – OTP Bank Ukraine and Credit Agricole Ukraine – to expand access to finance for private enterprises, which is critical to supporting the economy in times of war.

The EBRD provides a new EUR 200 million credit line to OTP Bank Ukraine. The program covers up to 50% of the credit risk on new sub-loans aimed at supporting businesses operating in the agriculture, energy, manufacturing and transportation sectors. This is the fifth and largest loan provided by the EBRD to this bank. The total amount of financing for OTP Bank Ukraine since the beginning of the war has reached almost EUR 2 billion.

In addition, the EBRD is providing a €50 million guarantee to Credit Agricole Ukraine, which will allow the bank to expand its lending to corporate clients, including small and medium-sized enterprises (SMEs). Under this agreement, the EBRD assumes up to 50% of the risk on loans exceeding EUR 5 million. This will allow Credit Agricole to focus on financing strategic industries such as agriculture, energy, pharmaceuticals, transport and logistics.

The EBRD’s support is aimed at preserving and restoring Ukraine’s economy and securing livelihoods of the population in the context of the war. In total, the Bank has disbursed over €6.1 billion to Ukraine since the start of the Russian invasion, including €2.3 billion in 2024.

These initiatives underscore the EBRD’s important role as the largest institutional investor in Ukraine and demonstrate its commitment to promoting the resilience of private businesses even in the most challenging of times.

Source: https://inventure.com.ua/