The European Bank for Reconstruction and Development (EBRD) has announced a significant financial package for ProCredit Bank, a key player in Ukraine’s financial sector. The package includes a medium-term unsecured loan in hryvnia equivalent to EUR 20 million, as well as guarantees for EUR 60 million to cover credit risk on new loans to the Ukrainian bank. This brings the total support provided by the EBRD to ProCredit Bank to EUR 200 million.
ProCredit Bank, which operates in both Ukraine and Moldova, has been actively expanding its services to support small and medium-sized enterprises (SMEs) across the region. This latest financial support is expected to help the bank further its mission to boost economic growth and stability in Eastern Europe. The EBRD’s involvement underscores its continued commitment to fostering sustainable development and financial inclusion in post-Soviet countries.
The EUR 20 million loan and EUR 60 million guarantees are part of a broader strategy to strengthen the financial infrastructure of Ukraine, which has faced significant economic challenges in recent years. By providing such support, the EBRD aims to enhance the resilience of local banks and ensure they can effectively serve their customers during times of economic uncertainty.
This financial assistance is also seen as a positive development for Ukraine’s economy, as it helps to stabilize the banking sector and promote confidence among investors. The EBRD’s decision reflects its long-term vision of supporting economic reforms and growth in the region, aligning with its mission to promote sustainable development and reduce poverty.