RLF - ESSF - RBU 2024

signed

An unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans with a total value of EUR 100 million (the "Covered Portfolio") to be provided by Raiffeisen Bank in Ukraine. The Project is provided under the EBRD's Energy Security Support Facility ("ESSF") to finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses, municipalities, state owned enterprises and households. Technical assistance under ESSF will strengthen the capacity of Raiffeisen Bank Ukraine and its sub-borrowers to implement the Programme 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 20 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 55765). 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.