📋 Tender Overview
Location: Ukraine
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 09 Apr 2025
Disclosure date: 05 Mar 2025
Project Description
An unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans of ProCredit Bank in Ukraine with the total value of EUR 60 million equivalent (the "Covered Portfolio").
The Project is provided under the EBRD's Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to Ukrainian private businesses and households. Technical assistance under ESSF will strengthen the capacity of ProCredit Bank Ukraine (PCBU) and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible small and medium enterprises ("SMEs") and residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects.
Up to EUR 12 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56169). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects.
Project Objectives
The Project aims to channel urgently needed investments into additional energy generation and storage capacity, as well as energy efficiency enhancements, thereby preserving energy security across all sectors in Ukraine.
