Program of the European Bank for Reconstruction and development

Based on the successful experience of cooperation, in December 2018 Ukreximbank and the European Bank for Reconstruction and Development (EBRD) entered into a Loan Agreement for an amount in equivalent of USD 25 million for implementation of the Micro-, Small- and Medium-Sized Enterprise Finance Program (hereinafter referred to as the Program), aimed to Support the Deep and Comprehensive Free Trade Area with Ukraine (Ukraine DCFTA Support Facility)
The Program is supported by the European Union funding under the EU4Business Initiative

To participate in the Program the Ukrainian enterprises should comply with the following eligibility criteria:

To be resident of Ukraine
To be privately owned
To have a maximum annual turnover of the equivalent of fifty million Euros (€50,000,000) or a maximum annual balance sheet total of not more than the equivalent of forty three million Euros (€43,000,000) (and not being involved in the group of companies with a turnover exceeding the equivalent of €50,000,000 or annual balance sheet total of not more than the equivalent of €43,000,000)
to employ no more than two hundred and forty-nine (249) employees
not to be included in EBRD's list of persons or entities ineligible to be awarded an EBRD-financed contract or for EBRD funding
to obtain all necessary approvals and permits, and to comply with all applicable national environmental, social and health and safety legislation of Ukraine, and credit procedures of JSC Ukreximbank

Investment projects to be financed out in the framework of the EBRD Program should comply with the following eligibility criteria:

to be financially viable
to be undertaken in Ukraine
to comply with all applicable national environmental, social and health and safety legislation and employment regulations and standards in effect in Ukraine
to comply with at least one EU directive applicable under the DCFTA
to undertake procurement of goods, works and services financed by Sub-loans in accordance with normal procurement practices for private sector entities, as well as EBRD Procurement Policies and Rules in effect

Main Sub-loan parameters:

Sub-loan currency - UAH
Sub-loan amount shall not exceed the equivalent of three million Euro
each Sub-Loan shall have a minimum tenor of 18 months
Sub-loan shall not be used for financing activities included into the EBRD Exclusion List лінк документ з переліком – файл 2.Перелік винятків ЄБРР.pdf) and the EBRD Environmental and Social Exclusion List (лінк на документ з переліком – файл 3.Перелік соціальних та екологічних виключень ЄБРР.pdf).

An additional advantage of the joint with the EBRD Program for borrowing companies, which successfully implement investment sub-projects, is the possibility to receive grants from the EBRD in the amount of up to 15% of the amount of the Sub-loan.

This document has been prepared with the financial support of the European Union. The views expressed herein may not in any way be used to reflect the official opinion of the European Union