| Project Detail |
An unfunded risk sharing instrument under the Resilience and Livelihoods Framework covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 200 million equivalent (the Covered Portfolio) to be originated by Raiffeisen Bank JSC (RBU, the PFI) in Ukraine. Up to EUR 40 million of risk shared sub-loans will finance SMEs long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56420). This will enable 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 their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. Project Objectives The Facility will support lending to Ukrainian 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. |
