RLF - RLG - Kredobank 2024

signed

A Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 100 million equivalent (the "Covered Portfolio") to be originated by Kredobank in Ukraine. The facility will be provided in two equal tranches, each comprising EUR 50 million of the Covered Portfolio. The second tranche will be uncommitted. The facility will include a sub-limit under the SME Competitiveness and Inclusion Programme in the European Union's (EU) Eastern Partnership ("EaP SMECI" sub-limit, assigned with a separate EBRD project number 55299) of up to EUR 20 million or 20% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises (MSME) to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (70% of EaP SMECI 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.