100 million euros in guarantees: Kredobank signed two new agreements with the EBRD at URC 2026
26 June 14:09
COMPANY NEWS
Kredobank and the European Bank for Reconstruction and Development (EBRD) signed two risk-sharing agreements during the Conference on Ukraine’s Recovery (URC 2026) in Gdańsk, the bank’s press service reported, as cited by "Komersant Ukrainian".
“Within Kredobank’s portfolio, which is covered by EBRD credit lines and guarantees, Ukrainian companies have already received financing totaling 249 million euros. The funds were directed to key sectors of the Ukrainian economy, including agriculture, the food industry, logistics, and retail. An additional 100 million euros from the EBRD will allow Kredobank to expand lending to Ukrainian companies, not only in the small and medium-sized business (SME) sector but also in the corporate segment,” said Jakub Karnowski, Chairman of the Management Board of JSC “Kredobank.”
One of the agreements covers a EUR60 million loan portfolio for small and medium-sized businesses with annual revenue of up to EUR50 million and up to 250 employees.
This agreement is being implemented under two programs:
1. The EBRD’s “Resilience and Livelihoods Guarantee,” which provides for:
- EBRD risk-sharing of up to 70%,
- a 5-year term for EBRD guarantee coverage,
- the possibility of obtaining loans without additional collateral.
2. The Program to Support the Competitiveness and Inclusion of SMEs in the European Union’s Eastern Partnership Countries within the framework of the Financial Intermediaries Facility, which provides Kredobank’s clients with the opportunity to receive grant support of up to 30% for the implementation of investment projects that meet EBRD requirements.
A key feature of the new agreement is a new mechanism to support Ukrainian businesses—Enterprise Security Enhancement (ESE)—which will allow the Bank to partially write off loans to companies whose assets have been damaged as a result of the war.
The 40 million euros in guarantees raised will be directed toward large clients without restrictions on revenue or the number of employees.
This agreement is being implemented through the EBRD’s “Resilience and Livelihoods Guarantee” program.
Key terms of the agreement:
- EBRD’s risk-sharing participation—up to 80%,
- the term of the EBRD’s guarantee coverage is 5 years,
- maximum loan amount covered: the equivalent of 4 million euros
The agreement also provides for the possibility of granting loans without additional collateral.
The conclusion of new agreements with the EBRD strengthens Kredobank’s ability to finance Ukrainian businesses, providing access to credit resources on more favorable terms for both large companies and the SME sector. And additional grant support will help implement important projects even under challenging conditions.
Background:
Kredobank was founded in Lviv in 1990, is classified by the National Bank of Ukraine as a systemically important bank of Ukraine, and is part of the PKO Bank Polski financial group—Poland’s largest financial institution and one of the largest financial groups in Central and Eastern Europe. The group’s flagship subsidiary is PKO Bank Polski, Poland’s largest bank with a 100-year history, and one of Europe’s most resilient banks according to the stress test results of the European Banking Authority (July 2021).
Kredobank offers a full range of services for retail customers, as well as small, medium, and large businesses in Ukraine. The bank actively provides loans to small, medium, and large businesses, offering a range of special programs and grants in cooperation with the DFC, the EBRD, and the European Commission, and actively participates in government programs supporting Ukrainian businesses. The bank holds a national credit rating of uaAAA—the highest possible level—with a stable outlook, as well as a short-term credit rating of uaK1—also the highest possible level—from the agencies “Standard-Rating” and “Expert-Rating.”
