The European Bank for Reconstruction and Development (EBRD) has begun a strategic cooperation with PrivatBank, Ukraine’s largest systemically important bank, by issuing €60 million of risk-sharing instrument to support €240 million of newly originated loans to agribusiness and other critical industries in Ukraine.
PrivatBank has been fully state-owned since 2016 and specialises in servicing retail and micro- small and medium-sized enterprises (MSMEs).
The EBRD’s unfunded risk-sharing facility will help the bank to support more private companies operating in agri-related and other industries. It will also increase financial support to private businesses affected by the war, contributing to preserving their human capital, and stimulate the uptake of greener technologies.
The risk sharing project brings the total volume of the EBRD’s enabled financing in Ukraine to €708 million since the start of the war.
At least 80 per cent of the facility falls under the EBRD’s Resilience and Livelihoods Framework for Ukraine and neighbouring states, created as a response to the Russian invasion of Ukraine last year and designed to mitigate its economic impact by protecting the country’s resilience and preserving livelihoods.
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