EBRD and Raiffeisen Bank Sign Third EUR 50 Million Risk-Sharing Guarantee Tranche to Support Businesses
Raiffeisen Bank and the European Bank for Reconstruction and Development have signed an agreement on the third tranche under the existing EUR 200 million risk-sharing guarantee. The new EUR 50 million tranche will enable the bank to expand financing for Ukrainian companies that continue to operate, invest in their development and support the country’s economy amid the war.
The signing took place during the Ukraine Recovery Conference 2026, held on 25–26 June in Gdańsk. This international conference on Ukraine’s recovery brings together representatives of governments, international financial institutions, businesses and civil society to coordinate support for Ukraine and attract investment in its recovery.
The EBRD guarantee will cover up to 50% of Raiffeisen Bank’s credit risk under new financing agreements for businesses in Ukraine. It will also be supported by partial first-loss risk coverage under the Ukraine Investment Framework.
Under the new tranche, Raiffeisen Bank will continue supporting companies in critical sectors of the Ukrainian economy, including agriculture, industrial production, pharmaceuticals, transport and logistics.
“For Ukrainian businesses, access to finance today means the ability to operate steadily, retain teams, restore capacities and invest in the future. Our partnership with the EBRD enables us to expand these opportunities for our clients and support companies that contribute to the country’s economic resilience. It is important for us that international support reaches businesses in the form of clear financial solutions — the kind that help companies move forward with development and act now,” said Nataliia Gurina, Chairwoman of the Management Board of Raiffeisen Bank.
As with the previous tranches, the programme provides additional opportunities for borrowers implementing investment projects. They will be able to receive technical assistance and cashback grants funded by the European Union under the EU4Business initiative.
Enhanced investment incentives are available to businesses affected by the war, as well as companies founded by veterans or involved in the reintegration of veterans into the professional environment.
An important part of the new tranche is the Enterprise Security Enhancement mechanism — donor support for Ukrainian businesses whose assets have been damaged as a result of hostilities. The instrument provides for partial debt forgiveness for borrowers receiving investment loans. The mechanism does not apply to working capital financing.
The Enterprise Security Enhancement financing allocated to Raiffeisen Bank under this tranche amounts to EUR 1.2 million. The ESE component is being implemented for the second tranche under the EBRD unfunded risk-sharing guarantee and is covered by external donors, including the European Commission under the Ukraine Investment Framework.
Ruslan Spivak, Director of Financial Institutions, Investment Banking and Corporate Strategy at Raiffeisen Bank, added:
"Risk-sharing programs with the EBRD consistently generate strong demand among Raiffeisen Bank’s clients, while the availability of a grant cashback component creates additional incentives for companies to implement investment projects. This instrument is particularly important for veteran-owned businesses as well as companies affected by hostilities.
The bank’s financial support, combined with grant mechanisms, enables enterprises to grow and scale their operations. The Enterprise Security Enhancement mechanism, implemented within this tranche, further strengthens the resilience of Ukrainian businesses in the current environment of war-related risks".
