EBRD to support Ukrainian businesses via lending to Ukrgasbank
- Economic development & market opportunities
- Economy and trade
- Employment and entrepreneurship
The European Bank for Reconstruction and Development (EBRD) will lend the hryvnia equivalent of €25 million to Ukrgasbank, a key lender in Ukraine. This funding will support loans to local companies to upgrade their processes and equipment.
At least 70% of the loan will go to financing investments in green technologies.
Borrowers are eligible to receive grant incentives and technical assistance on successful investment projects, funded by the EU under its EU4Business initiative. The support is part of the EU4Business-EBRD credit line – a joint financing instrument designed to boost the competitiveness and export ambition of local businesses in Eastern Partnership.
Ukraine is a top-three investment destination for the EBRD. In the past two years alone, the Bank has committed €2 billion to the country`s economy.
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