The European Bank for Reconstruction and Development (EBRD) has approved two projects for Ukraine’s ProCredit Bank with a combined volume of up to €330 million. The decision was made on September 9, 2026. The financing includes both a direct loan to the bank and a risk-sharing mechanism designed to expand new lending to private businesses in Ukraine.
The first project provides for an unsecured hryvnia-denominated loan to ProCredit Bank of up to €30 million equivalent. The financing will be provided in three equal tranches of €10 million each, with the second and third tranches uncommitted. The bank will use the funds to finance Ukrainian small and medium-sized enterprises (SMEs).
The loan is being provided under two EBRD programs — the Resilience and Livelihoods Framework (RLF) and the SME Competitiveness and Inclusion Programme in the Eastern Partnership (FIF – EaP SMECI). These programs are aimed at maintaining access to finance for Ukraine’s private sector and strengthening its resilience during the war.
A separate portion of the first loan, amounting to up to €7.5 million, will be allocated to long-term investments by SMEs in the modernization of technologies and equipment in line with European Union standards. At least 70% of this sub-limit must be directed toward sustainable and green technologies.
Eligible companies will also be able to receive technical assistance funded by the EU, as well as grant support after completion of their investment projects. The mechanism therefore combines lending with additional support for companies implementing modernization projects.
The second project approved by the EBRD provides for the use of an unfunded risk-sharing instrument that will partially cover credit risk on new ProCredit Bank loans totaling up to €300 million. The EBRD’s own financing under this project will amount to €90 million.
The instrument will be provided in four tranches, with the following three tranches remaining uncommitted. The mechanism will allow the bank to increase lending volumes while partially reducing credit risks associated with financing Ukrainian businesses during the war.
Of the planned new loan portfolio, €240 million will be allocated under the RLF program. These funds will be used to finance working capital and investments by private companies operating in sectors critical to Ukraine’s economy, including agriculture, food processing, retail and logistics.
A further €60 million will be provided under the EU4Business–EBRD credit line. These funds are intended for long-term investments by micro, small and medium-sized enterprises in technology and equipment upgrades aligned with EU standards. As in the first project, at least 70% of this sub-limit must be directed toward sustainable and green technologies.
Participants in the EU4Business–EBRD program will also be eligible for technical assistance and grant incentives funded by the EU. This is intended to expand access to investment financing for smaller companies and facilitate projects related to technological modernization and improved environmental sustainability.
Both projects provide for priority support for certain business categories. In particular, the EBRD highlights companies whose assets have been damaged by the war, veteran-owned businesses, companies supporting the reintegration of internally displaced persons and people with disabilities, as well as businesses led by women and young entrepreneurs.
ProCredit Bank is part of ProCredit Holding AG, which owns 100% of its shares. According to the National Bank of Ukraine, as of August 1, 2026, the bank ranked 16th among 59 Ukrainian banks by total assets, at UAH 56.28 billion. During the first seven months of 2026, its loan portfolio increased by 20.6% to UAH 33.94 billion.
