02/07/2026

On June 25, 2026, during the Ukraine Recovery Conference in Gdańsk, Ukreximbank and the European Investment Bank (EIB) signed a €100 million finance contract under the “Ukraine Economic Resilience Facility” Lending Envelope. It follows an initial €100 million finance contract signed at the end of 2024. With this new finance contract, the EIB has now provided to Ukreximbank total financing of €200 million under the Lending Envelope.

The new agreement marks another important milestone in the long-standing partnership between Ukreximbank and the EIB, the financing arm of the European Union, aimed at expanding Ukrainian businesses’ access to long-term financing. Over more than 14 years of cooperation, the parties have implemented a number of joint programmes that have enabled Ukrainian enterprises to attract funding for development, modernization, and resilience enhancement on favorable terms.

This agreement is particularly significant as it provides for the possibility of financing in hryvnia. This decision significantly reduces currency risks for both the bank and its clients and makes the instrument much more accessible to private sector businesses, in particular the ones that do not have access to cashflows in hard currency. At the same time, financing in euros or US dollars remains available depending on the borrower’s needs and business model.

The financing will align with the priorities of Ukraine’s economic recovery, its European integration course, and the Sustainable Development Goals.

The programme focuses on supporting Ukraine’s private sector, primarily small, medium, and mid-cap enterprises with up to 3,000 employees on a group basis. This includes both companies that continue to operate steadily under the conditions of the full-scale war and those that are restoring their operations after damage and losses.

Funds from the credit line will be directed towards investment purposes, as well as the replenishment of working capital, with maturities of up to ten years at competitive terms. At least 25% of the total financing will be allocated to “green” investments, including projects in energy efficiency, renewable energy development, and environmentally sustainable industrial modernization.

“This agreement demonstrates how cooperation with international financial institutions can help identify new instruments to support the economy and Ukrainian businesses during extremely challenging times. We are constantly seeking solutions that enable our clients to access financing on competitive terms. It is especially important that financing will be made available also in hryvnia — this is a unique solution which implementation during wartime required significant efforts from both the bank and the EIB. It opens up new opportunities for enterprises to recover, modernize, and grow, while reducing currency risks and improving predictability,” said Viktor Ponomarenko, Chairman of the Management Board of Ukreximbank.

EIB Vice-President Karl Nehammer, who oversees the Bank’s operations in Ukraine,  said: “Supporting Ukrainian businesses means supporting Ukraine’s resilience. Through our partnership with Ukreximbank, we are expanding access to long-term financing for SMEs and mid-caps, enabling them to invest, innovate and continue operating under exceptionally difficult circumstances. A strong private sector will be central to the country’s recovery and its European future.”

The signing of the agreement took place during the Ukraine Recovery Conference, a key international forum on Ukraine’s recovery and reconstruction, held this year in Gdańsk, Poland. The choice of venue is symbolic, as it was here, in the presence of international partners and investors, that Ukreximbank reaffirmed its role as one of the key financial channels of external resources into Ukraine’s economy.

Thanks to the new agreement, Ukreximbank strengthens its capability to finance the private sector and expands Ukrainian companies’ access to EU resources necessary for investment, modernization, and post-war recovery.

Background

The European Investment Bank (EIB) has been active in Ukraine since 2007. As the European Union’s bank, it supports the country’s economic resilience, infrastructure modernisation and private sector development. Since the start of Russia’s full-scale invasion in 2022, the EIB Group has substantially increased its support to help Ukraine address urgent needs while laying the foundations for long-term recovery and reconstruction. To date, EIB Group support to Ukraine has reached €4.5 billion.