The European Bank for Reconstruction and Development (EBRD) is providing an unfunded portfolio risk-sharing facility to ProCredit Bank Ukraine, to unlock €70 million of new financing for Ukraine’s private sector amid the ongoing war in the country.The EBRD’s facility will cover up to 50 per cent of ProCredit Bank Ukraine’s credit risk on newly issued sub-loans worth €70 million to private businesses operating in Ukraine.This facility will boost ProCredit Bank Ukraine’s lending capacity, enabling it to provide much-needed funding to Ukrainian private companies operating in critical industries such as agriculture, manufacturing, transport and pharmaceuticals. The funding will help companies continue their operations and safeguard livelihoods, which is crucial for fostering economic resilience and will enable Ukraine to rebuild once the war is over. (ICE LEOPOLI)

Fonte notizia: https://www.ebrd.com/news/2024/ebrd-extends-new-guarantee-to-proredit-bank-ukraine-to-support-70-mil