| Project Detail |
Location:
Ukraine
Project number:
55849
Business sector:
Financial institutions
Notice type:
Private
Approval date:
04 Dec 2024
Status:
Exploratory
English-language PSD published:
31 Oct 2024
Project Description
An unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans of Oschadbank in Ukraine with the total value of EUR 100 million equivalent (the "Covered Portfolio").
The Project is provided under the EBRDs Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to Ukrainian private businesses, regional municipalities, state-owned enterprises, and households. Technical assistance under ESSF will strengthen the capacity of Oschadbank and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible small and medium enterprises ("SMEs") and residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects.
Up to EUR 20 million of risk shared sub-loans will finance SMEs long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55850). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects.
Project Objectives
The Project aims to channel urgently needed investments into additional energy generation and storage capacity, as well as energy efficiency enhancements, thereby preserving energy security across all sectors in Ukraine. |
