During the Ukraine Recovery Conference in Rome, the European Investment Bank (EIB) and Ukrgasbank signed a multi-component financial package that includes two loans — €50 million and €70 million — as well as an EU-supported portfolio guarantee.
The €50 million loan will be allocated to strengthen the energy independence of Ukrainian communities. The funds will support the modernization of district heating networks, development of decentralized energy generation, deployment of renewable energy sources, and implementation of energy efficiency measures in the municipal sector. With EU grant support, this funding will also be accessible to communities located near the front lines.
An additional €70 million will be directed to small and medium-sized enterprises (SMEs) to support operational continuity, environmental modernization, and green growth initiatives.
The EU-backed portfolio guarantee provided through the EIB will enable Ukrgasbank to attract over €31 million in additional private sector capital, even amid wartime conditions.
As of April 2025, Ukrgasbank ranked fifth among Ukraine’s 60 banks in terms of total assets, according to the National Bank of Ukraine.
Earlier reports noted that the EIB and the European Commission had announced a new €600 million financing package for Ukraine.
