Release date: 5 January 2026
Promoter – Financial Intermediary
JSC KREDOBANKLocation
Description
The operation consists of an EU4Business Guarantee Facility (GF) II Partial Portfolio Guarantee to Kredobank in Ukraine.
Additionality and Impact
This operation aims to support private sector development and provide financing to projects promoted by micro, small and medium-sized enterprises (MSMEs) in Ukraine, through a guarantee to Kredobank, thereby contributing to promote inclusive growth, sustain employment and reinforce long-term economic resilience.
The war started by the Russian invasion in February 2022 have disrupted and negatively impacted Ukrainian MSMEs. Migration of the workforce and a reduction in consumer demand have hampered business activity and economic growth. MSMEs, particularly those located near conflict zones, have been hit particularly hard, and many have been forced to relocate their operations, either to other parts of Ukraine or neighbouring countries.
Thanks to this guarantee, Kredobank will be incentivised to enhance access to finance for riskier MSMEs by improving financing terms, including in the form of reduced collateral requirements and/or lower interest rates.
Objectives
The aim is to enable the intermediary to improve lending terms and conditions and thereby provide wider access to finance for micro-, small- and medium-sized enterprises in the country.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 6 million
Total cost (Approximate amount)
EUR 30 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 22/12/2025