RLF - PCBU LCY Loan 2025

signed

A senior unsecured local currency denominated loan of up to EUR 20 million equivalent to be provided to ProCredit Bank Ukraine ("PCBU") in two equal tranches of EUR 10 million each (the second tranche provided on an uncommitted basis). This medium-term local currency funding will be provided under the EBRD's Resilience and Livelihoods Framework and  FIF - EaP SMECI  Framework and will be used by PCBU for on-lending to private SMEs in Ukraine. Up to EUR 5 million will be directed to 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 56722). 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 their competitiveness. 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.