The European Bank for Reconstruction and Development (EBRD) has approved a financing package worth the hryvnia equivalent of €200mn for ProCredit Bank in Ukraine, including a €20mn loan and €60mn in guarantees to back new lending, reported Interfax-Ukraine.

The EBRD’s Board of Directors signed off the projects at a meeting on September 24, according to information published on the bank’s website.

ProCredit will receive the medium-term unsecured loan in two tranches of €10mn each. Up to €5mn will be channelled into long-term capital investments by micro, small and medium-sized enterprises (MSMEs) under the EU4Business-EBRD credit line, with qualifying firms eligible for EU-funded technical assistance and grant support after completing their projects.

The guarantee element will cover 30% of the credit risk on new loans, a lower share than the 50% applied in most EBRD programmes with larger banks. ProCredit is expected to issue up to €40mn in long-term loans under the same EU4Business-EBRD line, at least 70% of which will target steel and green technology investments.

The EBRD said ProCredit is among Ukraine’s leading lenders to SMEs, with such loans making up more than 99% of its portfolio. As of mid-2025, the bank’s assets totalled 46.3bn hryvnias ($1.2bn), representing 1.2% of the market and ranking 16th among 60 Ukrainian banks.

The EBRD, Ukraine’s largest institutional investor, has pledged to mobilise up to €3bn annually in financing to support Ukraine’s economy during the war and subsequent recovery.