EBRD supports more than €53 million of food security loans in Ukraine
The EBRD is contributing to food security in wartime Ukraine by issuing risk-sharing instruments to ProCredit Bank, OTP Bank Ukraine and OTP Leasing.
The EBRD’s €30 million will cover more than half of the credit risk of the funding provided by these banks and the leasing company for a total of up to €53.25 million.
The EBRD’s risk-sharing instruments enhance local financiers’ capacity to provide access to finance for Ukrainian private companies operating in critical agri-related industries, whether farming or food processing, transport and imports.
This support is a part of €1 billion of the EBRD’s investment planned in Ukraine this year in response to the Russian aggression.
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