EBRD provides €20 million to UKRGASBANK to support Ukrainian business under wartime conditions

The European Bank for Reconstruction and Development (EBRD) and the European Union are providing new funds to support micro, small and medium-sized enterprises (MSMEs) in Ukraine under €25 million loan.

This loan is a vivid example of the unwavering support that EBRD and other impact investors provide to Ukraine and help to support small and medium-sized enterprises in confronting the negatives caused by the war.

The Funds are designated to finance small and medium-sized private enterprises for the purpose of purchasing equipment and modernizing technological processes.

What does this mean for our customers?

Borrowers who successfully implement relevant investment projects will be entitled to receive an investment incentive (cash back) in the amount up to 15% of the loan and benefit from technical and advisory assistance funded by the EU under its EU4Business initiative. 

This support is part of the EU4Business-EBRD credit line – a joint financing instrument designed to boost the competitiveness of local businesses and support their export ambitions.

For more information on the funding opportunities under the program please follow the link.

17.11.2022