EBRD commits up to €3 billion to Ukraine
Mon, Oct 24, 2022

Bank leaders meet President Zelenskyy in Kyiv

The European Bank for Reconstruction and Development will commit up to €3 billion over 2022-2023 to help Ukraine’s businesses and economy keep functioning.

On a visit to Kyiv, EBRD President Odile Renaud-Basso told Ukraine’s leader Volodymyr Zelenskyy of the Bank’s determination to support Ukraine while it defends itself against Russia’s aggression.

Since the invasion began in February, the EBRD has committed more than €1 billion, and aims to triple that figure by the end of 2023. Its primary focus will be to support the ‘real’ economy – maintaining energy and food security, restoring rail infrastructure, and supporting the pharmaceutical industry.

Read the article here: https://www.ebrd.com/news/2022/ebrd-commits-up-to-3-billion-to-ukraine.html

EBRD Business Guide: Updated guidance
now available for Ukrainian and Moldovan SMEs
Tue, Nov 1, 2022

As part of its ongoing legal and business guidance for micro, small and medium-sized enterprises (MSMEs) through a dedicated online Business Guide, the EBRD is issuing updated material for MSMEs in Georgia,  and Ukraine, with dedicated information for those that have been affected by the war.

The latest update to the EBRD’s Moldova-focused Business Guide includes detailed guidance for Ukrainian businesses wanting to relocate to Moldova and for Moldovan businesses wanting to employ Ukrainian refugees.

Read the article here: https://www.ebrd.com/news/2022/ebrd-business-guide-updated-guidance-now-available-for-ukrainian-and-moldovan-smes.html

RLF - RLG - Raiffeisen Bank Ukraine
Fri, Oct 21, 2022

Location: Ukraine
Project number: 53902
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
Approval date: 14 Oct 2022
Status: Approved
PSD disclosed: 21 Oct 2022
Read the article here: https://www.ebrd.com/work-with-us/projects/psd/53902.html

Credit Agricole Bank Ukraine RLG
Thu, Oct 20, 2022

Location: Ukraine
Project number: 53870
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
Approval date: 14 Oct 2022
Status: Approved
PSD disclosed: 20 Oct 2022
Read the article here: https://www.ebrd.com/work-with-us/projects/psd/53870.html

Kredobank Ukraine RLG
Thu, Oct 20, 2022

Location: Ukraine
Project number: 53866
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
Approval date: 14 Oct 2022
Status: Approved
PSD disclosed: 20 Oct 2022
Read the article here: https://www.ebrd.com/work-with-us/projects/psd/53866.html

Canada and EBRD join forces to support Ukraine’s Naftogaz
Fri, Oct 14, 2022

Canada and EBRD support Naftogaz, Ukraine’s state-owned gas company, with finance and risk-sharing support to maintain operations despite Russian invasion
Canada signs first dedicated guarantee of €36.5 million to enable, together with others, a €300 million EBRD loan to support critical gas purchases for Ukrainian households and businesses before winter

The European Bank for Reconstruction and Development (EBRD) and the Government of Canada continue their partnership to support Ukraine’s state-owned gas company, Naftogaz (NAK), so it can deliver critical energy to Ukrainian customers over the winter heating season.

Read the article here: https://www.ebrd.com/news/2022/canada-and-ebrd-join-forces-to-support-ukraines-naftogaz-.html

EBRD and United Kingdom join forces to back Ukrenergo
Thu, Oct 13, 2022

United Kingdom and EBRD support Ukraine’s electricity transmission company Ukrenergo
€54.4 million in guarantees from the UK to help provide emergency liquidity
Funds to help maintain stable power supply

The European Bank for Reconstruction and Development (EBRD) is joining forces with the government of the United Kingdom to back Ukraine’s electricity transmission company Ukrenergo, helping to keep the lights on and the economy going in Ukraine.

Read the article here: https://www.ebrd.com/news/2022/ebrd-and-united-kingdom-join-forces-to-back-ukrenergo-.html

EBRD expects Ukraine’s economy
to contract by nearly a third in 2022
Wed, Sep 28, 2022

EBRD continues to expect Ukraine’s economy to shrink by 30 per cent in 2022
Bank lowers 2023 GDP growth forecast from 25 per cent to 8 per cent
EBRD Regional Economic Prospects (REP) report highlights war-induced uncertainty

Russia’s war on Ukraine will cause the latter’s economy to shrink by nearly a third in 2022, according to the latest forecast by the European Bank for Reconstruction and Development (EBRD).

The Bank’s forecast that Ukraine’s gross domestic product (GDP) will contract by 30 per cent this year, issued today in the EBRD’s Regional Economic Prospects report, is unchanged from its previous forecast in May.

Read the article here: https://www.ebrd.com/news/2022/ebrd-expects-ukraines-economy-to-contract-by-nearly-a-third-in-2022-.html

EBRD invests in Horizon Capital Growth Fund IV
Mon, Sep 26, 2022

EBRD makes an initial commitment of up to US$ 40 million in Horizon Capital Growth Fund IV from up to US$ 50 million Board-approved envelope
Fund to focus on growth equity in tech and export-oriented SMEs in Ukraine and Moldova

The EBRD has committed up to US$ 40 million (€40 million) to Horizon Capital Growth Fund IV (HCGF IV), managed by Horizon Capital, a leading private-equity manager in Ukraine and Moldova and a longstanding EBRD client. The Bank may increase its commitment to the fund up to US$ 50 million at a later date.

HCGF IV aims to raise up to US$ 250 million to make growth equity investments, ranging on average US$ 10 million to USD$ 30 million, with a focus on tech and export-oriented small and medium-sized enterprises (SMEs) in Ukraine and Moldova.

Read the article here: https://www.ebrd.com/news/2022/ebrd-invests-in-horizon-capital-growth-fund-iv.html

EBRD and Raiffeisen Bank support
Ukrainian yeast producer Enzym
Tue, Sep 20, 2022

EBRD and Raiffeisen Bank to provide up to UAH 100 million in finance to Enzym
EBRD to cover UAH 60 million through an unfunded risk-sharing facility
Loan to finance working-capital needs and sustain Enzym’s production activities in Ukraine

The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank are joining forces to support Enzym, Ukraine’s leading baker’s yeast producer. Raiffeisen Bank is providing Enzym with a loan of up to UAH 100 million (€3 million equivalent), with the EBRD guaranteeing UAH 60 million through a risk-sharing facility.

Read the article here: https://www.ebrd.com/news/2022/ebrd-and-raiffeisen-bank-support-ukrainian-yeast-producer-enzym-.html