RLF - ESSF - Ukreximbank 2025

approved

An unfunded portfolio risk-sharing instrument partially covering the credit risk in newly originated sub-loans of Ukreximbank in Ukraine with the total value of up to EUR 100 million equivalent (the "Covered Portfolio"). The facility will be delivered in two equal tranches, with the second tranche being uncommitted. 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, state-owned enterprises (SOEs), municipalities and municipal companies. Technical assistance under ESSF will strengthen the capacity of Ukreximbank and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Up to 20% 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 56268). 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 EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects.