Oschadbank and the European Bank for Reconstruction and Development (EBRD) have signed an agreement on a second tranche of EUR 50 million under the guarantee instrument of the Energy Security and Stability Facility (ESSF).
The document was signed on 15 September in London during the EBRD’s annual meeting with its partner banks in Ukraine.
The programme provides for partial coverage by the EBRD of risks on Oschadbank’s investment loans to finance energy generation and energy efficiency projects. The guarantee coverage amounts to 50% of the respective loan amount.
Such financing is particularly important ahead of the autumn-winter period due to risks to energy supply resulting from ongoing Russian attacks on energy infrastructure.
ESSF is aimed at small and medium-sized enterprises, mid-sized corporate clients, municipalities, small state-owned enterprises, private households and homeowners’ associations (HOAs). Financing is directed towards decentralised generation, renewable energy sources, energy storage systems and improving the energy efficiency of residential, commercial and municipal buildings.
The total financing volume of the ESSF programme is EUR 2 billion. In addition to Oschadbank, seven other Ukrainian banks are involved: the state-owned PrivatBank, Ukreximbank and Ukrgasbank, as well as UKRSIBBANK, ProCredit Bank, Credit Agricole Bank and Raiffeisen Bank.
The programme is implemented with the financial support of the European Union (EU), France and the Netherlands.
In February 2025, the EBRD and Oschadbank concluded an agreement on the bank’s participation in ESSF, which provided for an unfunded portfolio risk-sharing instrument for sub-loans totalling up to EUR 100 million.
Grant support for borrowers under the programme may cover 10-30% of investment costs. Increased grant amounts are provided, in particular, for enterprises and households affected by the war, as well as for borrowers contributing to the reintegration of veterans, persons with disabilities and internally displaced persons.
At least 70% of sub-loans must be directed to projects meeting the Green Economy Transition (GET) criteria, and up to 20% of total financing to long-term capital investments by SMEs to modernise technologies and equipment to EU standards.
According to the National Bank of Ukraine, as of 1 August 2026, Oschadbank ranked second (UAH 514.21 billion) in terms of total assets among 59 banks in Ukraine.
Source: https://interfax.com.ua
