EBRD extends new guarantee to Credit Agricole Ukraine to unlock €150 million
Ukraine, Dec. 2 -- The European Bank for Reconstruction and Development (EBRD) is extending a new portfolio risk-sharing facility to Credit Agricole Ukraine to enable €150 million in new lending to Ukrainian borrowers amid?Russia's ongoing?war on the country.The EBRD's unfunded guarantee will partially cover Credit Agricole's credit risk on newly issued subloans, enhancing its capacity to provide much-needed funding to private businesses amid the challenging war environment.Backed by the EBRD's guarantee, Credit Agricole will lend a total of €150 million to businesses operating in critical industries as well as micro, small and medium-sized enterprises (MSMEs) and mid-cap companies investing in energy generation, energy storage ...
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