Business

EBRD provides €200 million guarantee to Raiffeisen Bank: what it means for Ukrainian business

The European Bank for Reconstruction and Development (EBRD) has signed a €200 million risk-sharing agreement with Raiffeisen Bank. This was reported by Interfax-Ukraine, according to "Komersant Ukrainian".

The signing took place on September 9 in London.

The goal is to expand the access of Ukrainian enterprises to financing in a war economy.

How it will work

• The EBRD will cover up to 50% of the credit risk on new loans.
• Funding will be directed to key sectors: agriculture, industrial production, pharmaceuticals, transportation and logistics.
• Approximately 20% of the resources will be allocated to small and medium-sized enterprises (SMEs) for investments in technologies that meet EU standards and green projects.

Who will benefit

• Companies that will join the EU4Business initiative: it provides technical assistance from the EU and investment grants.
• Businesses and households most affected by the war.
• Businesses that create opportunities for veterans, IDPs, people with disabilities, or operate in regions that have been devastated by hostilities.

Who supports

• The EBRD’s guarantee is provided through first loss coverage provided by France and the EU under the Ukraine Investment Framework.
• This is the fourth agreement between the EBRD and Raiffeisen Bank since the start of the full-scale war.

Context

• Since the beginning of the war, the EBRD has invested more than €3 billion to support Ukrainian borrowers through 37 such instruments with 12 partners.
• Raiffeisen Bank is the largest private bank in Ukraine and the fourth largest in the banking system by assets.
• As of mid-2025, the bank’s assets amounted to UAH 252.23 billion.
• Ownership structure: 68.21% of shares are held by Raiffeisen Bank International AG, 30% by the EBRD, and 1.79% by minority shareholders.

Why it is important

Ukrainian business operates under war risks, and banks often limit lending due to the high probability of non-repayment.
Sharing risks with international partners allows us to

• reduce the burden on banks,
• provide longer and cheaper loans for businesses,
• support economic recovery and transformation.

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