RLF-RLG-PrivatBank 2026 (UIF P2)

signed

A Resilience and Livelihoods Guarantee ("RLG") in the form of an unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of up to EUR 825 million equivalent (the "Covered Portfolio") to be originated by JSC Commercial Bank "PrivatBank" ("Privat", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) up to EUR 692 million under the Resilience and Livelihoods Framework ("RLF"), and (ii) up to EUR 133 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57455). The Facility will be delivered in three tranches, with Tranche A committed upon signing of the Facility and Tranche B and C being uncommitted. Under the RLF, sub-loans will finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Under the EU4Business-EBRD Credit Line with Incentives, sub-loans will finance long-term investments of micro, small and medium-sized enterprises ("MSMEs"). This will enable financing of long-term capital investments of MSMEs 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 donor-funded grant support in the form of investment incentives upon the completion of their investment projects. Priority support will be given to targeted and vulnerable categories of sub-borrowers, including, among others, MSMEs that incurred war-related asset destruction or damage, veteran-led businesses, enterprises supporting the reintegration of internally displaced persons and persons with disabilities, as well as women-led and youth-led businesses.