RLF-RLG-PrivatBank 2025 (UIF P2)

signed

An unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 625 million equivalent (the "Covered Portfolio") to be originated by PrivatBank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 487.5 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 47.5 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 56312) and (iii) EUR 90 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56313). Under the Resilience and Livelihoods Guarantee, sub-loans will finance a broader range of 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 finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses and households. All sub-borrowers will receive technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. At least 70% of enabled financing will support investments in sustainable and green technologies ultimately contributing to the country's energy security, and sustainable development goals. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium 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 enabled financing), 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.