EBRD will provide ProCredit Bank with a credit guarantee of €70 million

The EBRD press service reported on the conclusion of an unfunded portfolio risk sharing agreement between ProCredit Bank and the EBRD, which will allow new financing for the private sector in Ukraine in the total amount of €70 million, writes inventure.com.ua.

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It is noted that the EBRD guarantee will cover up to 50% of ProCredit Bank's credit risk for new subloans for private companies operating in Ukraine.

The agreement will allow the bank to provide financing to Ukrainian private companies in such critical sectors as agriculture, manufacturing, transport and pharmaceuticals.

EBRD concludes the fourth risk-sharing agreement with Ukrainian ProCredit Bank since the beginning of the war. It increases the total volume of EBRD-supported new financing of ProCredit Bank to €165 million.

It is assumed that up to 15% of loans covered by the guarantee will go to support long-term investments of small and medium-sized enterprises (SMEs) in "green" technologies.

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