The state-owned PrivatBank has signed its first multi-year agreement with the European Investment Bank (EIB) and the European Investment Fund. This agreement opens new opportunities for representatives of small and medium-sized businesses in Ukraine, who will now be able to access a financing portfolio of up to €100 million.
This is reported by Business • Media
Supporting Business under the EU4Business Program
The agreement was signed under the EU4Business Guarantee Facility Ukraine program. According to its terms, the EIB group provides a portfolio guarantee covering between 30% and 80% of the amount of each individual loan, as well as a first-loss guarantee of €40 million. This approach significantly reduces risks for the bank and expands lending opportunities for entrepreneurs. The agreement is valid until June 19, 2040.
Additional Guarantees for Credit Development
In addition, the European Investment Bank has provided a partial portfolio guarantee to Kredobank amounting to €6 million. Thanks to this guarantee, the bank will be able to issue new loans to small and medium-sized businesses in Ukraine. The guarantee is provided under the EU4Business Guarantee Facility II program, which aims to improve lending conditions for entrepreneurs. The total budget of this program, approved on May 5, 2025, is €300 million, of which €40 million is allocated for EIB guarantees.
“The agreement provides for a portfolio guarantee from the EIB group covering 30-80% of the amount of an individual loan and a first-loss guarantee of €40 million.”