The European Bank for Reconstruction and Development (EBRD) will issue a guarantee to state-owned Ukreximbank for new loans totaling €100 million, aimed at supporting various energy projects of Ukrainian businesses. The guarantee is provided under the Energy Sector Support Facility (ESSF) and is designed to partially cover credit risk for new loans issued to companies implementing projects in energy generation, energy storage, and energy efficiency. A significant share of financing (up to 70%) will be directed to projects that meet Green Economy Transition (GET) criteria.
The EBRD’s Board of Directors approved the project on September 9. The guarantee will cover up to 50% of credit risk and will be issued in two equal tranches, with the second tranche remaining uncommitted. In addition, Ukreximbank will receive technical assistance under the ESSF program to ensure efficient use of funds and successful project implementation.
EBRD materials also note that up to 20% of sub-loans covered by the guarantee will be allocated to long-term investments of small and medium-sized enterprises under the EBRD-EU4Business Credit Line, which includes additional incentives.
Ukreximbank is the third-largest bank in Ukraine by assets: as of mid-2025, its total assets stood at UAH 318.6 billion, accounting for 8.3% of the country’s total banking assets.
Furthermore, on September 9, the EBRD also approved another €100 million guarantee for Ukreximbank to support loans in other sectors, likewise covering up to 50% of credit risk.
