Ukraine: EIB Group provides EU-backed guarantee to ProCredit Bank

On 12 December, the European Investment Bank (EIB) and the European Investment Fund (EIF) – together the EIB Group – signed a new EU-backed guarantee that will enable ProCredit Bank Ukraine to mobilise more than €43 million in additional lending for small and medium-sized enterprises (SMEs). 

The guarantee will enable ProCredit Bank to expand the financing it can provide to Ukrainian SMEs and offer more favourable conditions, helping businesses remain stable and continue developing during the war.

It is expected to support more than 220 companies, with a focus on agriculture, manufacturing and trade, and on SMEs led by women and young entrepreneurs or enterprises affected by the war.

“Ukrainian SMEs are demonstrating remarkable resilience in extremely challenging circumstances. The EIB Group is committed to supporting these businesses by helping them access the financing they need to continue operating, protect jobs and plan for the future,” said EIB Group Vice-President Teresa Czerwińska, who oversees the Bank’s operations in Ukraine.

The EU guarantee is provided from the Ukraine Facility, channelled through the EU4Business Guarantee Facility.

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Press release