EBRD extends risk cover to Raiffeisen Bank Ukraine to enable EUR 100 million for energy investments
Ukraine, April 14 -- The European Bank for Reconstruction and Development (EBRD) is further supporting energy security in Ukraine by extending an unfunded portfolio-risk-sharing facility to Raiffeisen Bank Ukraine (RBU), to enable EUR 100 million worth of energy investments.Raiffeisen Bank Ukraine joins Ukrgasbank, Privatbank and Oschadbank to participate in the EBRD's Energy Security Support Facility (ESSF) - a landmark programme that enables the country's financial sector to enhance access to financing for critical energy security investments in Ukraine.Under the ESSF, EBRD's portfolio guarantee will partially cover the risk on a total of EUR 100 million of sub-loans extended by RBU to micro, small and medium-sized enterprises (MSMEs) and...
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