26/06/2026
“Ukreximbank” JSC and the Polish state development bank Bank Gospodarstwa Krajowego (BGK) have signed a Memorandum of Understanding (MoU) that lays the groundwork for a long-term partnership in institutional development, joint project preparation, and support for Ukraine’s economic recovery.
The document outlines the expansion of cooperation between the parties in strategically important areas, primarily focusing on the institutional development of Ukreximbank. This includes, in particular, support in assessing and improving the bank’s strategy, corporate governance, capital and liquidity planning, risk management systems, product offering, and digital transformation.
This area is central to the Memorandum, as it is intended to enhance Ukreximbank’s capacity as a key state bank playing a crucial role in financing economic recovery, developing strategic sectors, and implementing state priorities.
In addition to the institutional component, the parties agreed to cooperate in the assessment, preparation, and implementation of projects with high economic impact in infrastructure, energy, trade facilitation, support for small and medium-sized enterprises, regional development, and other strategically important sectors.
A separate area of cooperation will focus on technical assistance, advisory support, and institutional capacity building, including training, exchange of expertise, and transfer of practical experience in project preparation, procurement, environmental and social standards, portfolio management, and EU fund management.
The signed Memorandum establishes a framework for systematic cooperation between the parties and opens up new opportunities for developing financial and organizational solutions necessary to implement large-scale initiatives for rebuilding Ukraine’s economy.
“For Ukreximbank, this Memorandum is primarily about strengthening institutional capacity and shaping a new quality of development. It is particularly valuable that the cooperation covers a strategic review of the bank, improvements in management systems, risk management, capital planning, and digital transformation. These are the elements that determine a financial institution’s ability to operate effectively in the interests of the state, business, and the country’s recovery. We highly appreciate Bank Gospodarstwa Krajowego’s readiness to share its expertise and view this partnership as an important step toward strengthening Ukreximbank’s role as Ukraine’s development bank,” said Viktor Ponomarenko, Chairman of the Management Board of Ukreximbank.
Bank Gospodarstwa Krajowego, for its part, expressed readiness to deepen cooperation with Ukreximbank, particularly in the areas of institutional development, knowledge sharing, and support for the preparation and implementation of projects that will have a significant impact on Ukraine’s economy.
“With the support of the European Union, BGK is strengthening its cooperation with development institutions in Ukraine. This is another step in building a strong partnership between the European Union, Poland, and Ukraine. We believe that this cooperation will contribute to increasing the region’s economic stability and will create new opportunities for business development in both Poland and Ukraine. Together with EU institutions, we aim to actively support Ukraine’s reconstruction process by developing joint financial instruments for businesses and institutions, as well as strengthening the investment capacity of our partners,” said Mirosław Czekaj, President of the Management Board of BGK.
Background
“Ukreximbank” JSC is a state-owned bank of Ukraine and one of the leading financial partners for businesses and key sectors of the economy. The bank channels financing into projects of strategic importance for the country’s recovery, export development, infrastructure modernization, and sustainable economic growth. Ukreximbank consistently expands cooperation with international financial institutions, development banks, and leading export credit agencies, providing Ukrainian companies with access to guarantee instruments, project financing, and international partnerships.
Bank Gospodarstwa Krajowego (BGK) is a Polish development bank, that supports the country’s sustainable economic and social growth. Operating for over a century, BGK finances investments in infrastructure, housing or entrepreneurship. It is also involved in strategic initiatives, including defense and energy transition. The bank works with both the public and private sectors, mobilizing capital to fund projects that address key national challenges. BGK has international offices in Brussels, Kyiv, and Frankfurt am Main. It plays an important role in implementing EU Funds and Poland’s National Recovery Plan.
