RLF - RLG - USB 2026 (UIF P2)

approved

An unfunded risk-sharing instrument covering 50% of the credit risk in newly originated sub-loans with the total value of EUR 104 million equivalent (the "Covered Portfolio") to be originated by UKRSIBBANK JSC in Ukraine. The Project will include three sub-limits with the Covered Portfolio made up of: (i) EUR 80 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 4 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 57334) and (iii) EUR 20 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57335). Under the Resilience and Livelihoods Guarantee product, sub-Loans will finance broad working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will support key sectors vital to the country's energy security, prioritizing homeowners and homeowners' associations investing in residential renewable energy and energy efficiency projects in Ukraine. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium-sized enterprises ("SMEs"). The EBRD enables 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 businesses' 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.