The European Bank for Reconstruction and Development (EBRD) has approved two new guarantee programs for the state-owned Ukreximbank, enabling the allocation of €200 million in financing for Ukrainian businesses, the public sector, and municipalities. The guarantees will cover 50% of the credit risk on new loans. Half of the funds (€100 million) will be directed toward enterprises in critical sectors of the economy, while the remaining portion will support energy generation, storage, and efficiency projects.
The new instruments are modeled on previous EBRD programs and aim to enhance the competitiveness of micro, small, and medium-sized enterprises (MSMEs) in the EU’s Eastern Partnership countries. About 20% of the sub-loans under the guarantee portfolio will be provided to MSMEs for long-term investments in technologies that comply with EU standards and promote green modernization.
The program also includes enhanced grant incentives for businesses affected by the war and for those that employ veterans, people with disabilities, internally displaced persons, and residents of the most affected regions. Ukreximbank has committed to supporting veterans both as employees and as clients, implementing recommendations from the EBRD and the National Bank of Ukraine to foster inclusivity in financial institutions.
The new guarantees are partially backed by risk coverage from France and the European Union under the Ukraine Investment Framework. Since the start of Russia’s full-scale invasion, the EBRD has mobilized about €3.2 billion in financing for Ukrainian borrowers through 38 programs with 12 partner financial institutions. The EBRD’s total investments in Ukraine’s real sector since the beginning of the war have exceeded €8.3 billion, while the Bank’s capital base has been increased by €4 billion to continue supporting the country.
Ukreximbank is a state-owned financial institution, with 100% of its shares held by the government through the Cabinet of Ministers. As of September 1, 2025, the bank’s assets totaled UAH 277.84 billion, ranking it third-largest among Ukraine’s 60 banks by asset size.
