EBRD supports ProCredit Bank Ukraine to unlock €60 million of energy financing
Ukraine, May 15 -- The European Bank for Reconstruction and Development (EBRD) is supporting Ukraine's businesses and residents through a new unfunded portfolio risk-sharing facility for ProCredit Bank Ukraine (PCBU) that will help improve energy security.Backed by the EBRD guarantee under its Energy Security Support Facility* (ESSF), the PCBU will provide up to €60?million in subloans to private businesses and households that will help channel urgently needed investments into energy generation, storage capacity and energy-efficiency enhancements. At least 70 per cent of the subloans will go to projects that align with the EBRD's Green Economy Transition (GET) approach.Up to 20 per cent of all subloans covered by the EBRD guarantee wi...
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