| Project Detail |
Location:
Ukraine
Project number:
55296
Business sector:
Financial institutions
Notice type:
Private
Approval date:
29 May 2024
Status:
In Exploratory, Pending Final Review
PSD disclosed:
24 Apr 2024
Project Description
A Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50% of the credit risk in sub loans with the total value of EUR 30 million equivalent (the "Covered Portfolio") to be originated by Bank Lviv ("BL", the "PFI") in Ukraine.
The Project will be delivered in two equal tranches with the second tranche being uncommitted.
20% of the RLG is part of the EU4Business-EBRD Credit Line with incentives (this sub-limit is assigned with a separate EBRD project number 55297). The EBRD and the EU support investment projects of local small and medium enterprises ("SMEs") across the Eastern Partnership region. 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 sub-limit), thereby enhancing businesses competitiveness. The EU and the US complement the offer with incentive grants and technical assistance under its EU4Business initiative.
Project Objectives
The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine |
