EBRD to provide €75 million guarantee to Raiffeisen Bank in Ukraine
The EBRD is providing Raiffeisen Bank in Ukraine with an unfunded guarantee of up to €75 million in local currency linked to the bank’s domestic sovereign bond portfolio. The additional risk-taking capacity freed up by the guarantee will allow Raiffeisen Bank to commit fresh funds to Ukrainian businesses.
The facility is an instrument not previously available in the Ukrainian market and follows the innovative Guarantee for Growth facility that was pioneered in Albania in 2020.
Raiffeisen Bank’s lending under this new mechanism will have a particular focus on supporting local micro, small and medium-sized enterprises (MSMEs), which are vital to the sustainable growth of Ukraine’s economy. At least 30 per cent of the funds will be used to finance high-performance, sustainable technologies that can advance the country’s environmental and climate-mitigation goals
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