Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

EBRD provides EUR60 million guarantee to support lending by Ukraines PrivatBank

14.08.2023 13:22 "Agro Perspectiva" (Kyiv) Unfunded guarantee with EU green component will support EUR240 million of financing

EBRD guarantees EUR60 million to support lending to Ukraines agribusiness, critical industries

EBRD starts cooperation with state-owned PrivatBank via unfunded risk-sharing facility

Technical assistance and investment incentives funded by the European Union

The European Bank for Reconstruction and Development (EBRD) starts a strategic cooperation with PrivatBank, Ukraine’s largest systemically important (nationalised in 2016), by issuing EUR60 million of risk-sharing instrument to support EUR240 million of newly originated loans to agribusiness and other critical industries in Ukraine.

Food security and the private sector are two of five areas of focus for EBRD support for wartime Ukraines real economy.

PrivatBank is fully state-owned and specialises in servicing retail and micro- small and medium-sized enterprises (MSMEs). The EBRDs unfunded risk-sharing facility will help the bank to support more private companies operating in agri-related and other industries. It will also increase financial support to private businesses affected by the war, contributing to preserving their human capital, and stimulate the uptake of greener technologies.

The facility, composed of two elements, will back up to 50 per cent of the credit risk in PrivatBanks newly originated loans, subject to a portfolio cap of 50 per cent. The risk sharing project brings the total volume of the EBRDs enabled financing in Ukraine to EUR708 million since the start of the war.

At least 80 per cent of the facility falls under the EBRDs Resilience and Livelihoods Framework for Ukraine and neighbouring states, created as a response to the Russian invasion of Ukraine last year and designed to mitigate its economic impact by protecting the countrys resilience and preserving livelihoods.

Up to 20 per cent (EUR48 million) of risk-shared loans will support private MSMEs long-term investments in EU compliant and green technologies. Eligible sub-borrowers will also receive EU-funded technical assistance and investment incentives upon completion of their investment projects.

The EBRD, which has committed to raise its investment in Ukraine to EUR3 billion in 2022–23 in response to Russias war on the country, shares risk on its own investments there with donors and partners. In this case half of its risk from the new exposure will be mitigated by First Loss Risk Cover from the EBRD Crisis Response Special Fund.

As well as food security and the private sector, the EBRDs investment focus in wartime Ukraine is on energy security, vital infrastructure and trade. In addition to a resilience package for Ukraine and neighbouring countries affected by the war, the EBRD has pledged to help finance Ukraines reconstruction once conditions permit.

PrivatBank is fully owned by the state and is the largest systemically important bank in Ukraine with 23 per cent of market share by assets (US$ 15 billion) at the end of 2022. It specialises in servicing retail and MSME clients through a country-wide network of 1,100 branches and 5,000 ATMs.

Agro Perspectiva

< Supporting small business in the west of Ukraine via Bank Lviv All news for
14.08.2023
Global cereal production forecast to match past record - FAO >

15.07.2024  
10:28 Decline of China Pork Imports Continues in 2024
08:20 Lower Prices Propel Mexico 2023/24 Soybean Meal Imports
13.07.2024  
10:15 China Imports of Major Feed Grains at Record for Oct-May period
12.07.2024  
01:08 Climate risks projected to affect fish biomass around the world's ocean, FAO report says
06.07.2024  
10:15 Global cereal production 2024 forecast scaled up and now set to exceed the 2023 level
10:01 FAO Food Price Index stable in June
03.07.2024  
12:31 World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million
12:23 U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year
01.07.2024  
08:58 World apple production for MY 2023/24 is forecast to rise more than 700,000 tons to 83.7 million
08:39 World coffee production for 2024/25 is forecast to rebound 7.1 million bags
25.06.2024  
17:57 Central, Eastern and South-Eastern European banks report strengthening loan demand and improving profitability
17:05 Global Environment Facility approves $70 million to support FAO projects in 28 countries
24.06.2024  
04:15 Emergency brake triggered for oat imports from Ukraine
23.06.2024  
09:00 Colombia Production: Two Periods of Sharp Decline
19.06.2024  
15:35 World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million
10:35 India Apple Imports Forecast at a Record High
12.06.2024  
09:21 FAO Food Price Index slightly up in May: higher cereal and dairy prices offset easing sugar and vegetable oil quotations
03.06.2024  
14:04 Commission clarifies support for farmers in case of exceptional weather events
13:33 Digitalization: it is time to bridge the gap between urban and rural areas
22.05.2024  
18:25 Two years of Solidarity Lanes have brought the EU, Ukraine and Moldova closer together
21.05.2024  
08:10 Seven additional private sector leaders announce support for Antimicrobial Use Stewardship Principles in poultry, now includes over 40% of global poultry meat production
13.05.2024  
23:32 EU extends trade support to Ukraine for one more year
04:36 European Union corn is forecast at 18.0 million tons
11.05.2024  
18:55 2024/25 Grain Consumption Expands while Trade Moderates
18:47 Oilseeds Stocks Forecast to Reach Record Highs in 2024/25
06.05.2024  
09:17 The International Year of the Woman Farmer in 2026 Approved by the UN General Assembly, it will increase awareness of the crucial role women farmers play in agrifood systems
04.05.2024  
08:10 2024 wheat forecast trimmed
03.05.2024  
21:25 Rising international quotations for meat, cereals and vegetable oils offset drops for dairy and sugar
07:10 El Niño and La Niña: four crucial steps to build climate resilience
01.05.2024  
08:25 Acute hunger remains persistently high in 59 countries with 1 in 5 people assessed in need of critical urgent action
29.04.2024  
10:43 New CEO at BASF: Martin Brudermüller hands over to Markus Kamieth
25.04.2024  
09:45 Parliament approves a revision of the EUs common agricultural policy
23.04.2024  
16:23 MEPs approve trade support measures for Ukraine with protection for EU farmers
17.04.2024  
18:08 Ministry of Agrarian Policy and Food predicts this years harvest of grains and oilseeds at about 74 million tonnes
16.04.2024  
12:12 West Africa Cocoa Shortage Pushes Up Prices
11.04.2024  
23:48 U.S. Soybean Meal Exports Forecast at Consecutive Records in 2022/23 and 2023/24
23:10 EU Wheat Exports Challenged by Russias Growing Dominance
11:30 Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed
10.04.2024  
15:59 Commission starts setting up the Agriculture and Food Chain Observatory
15:33 Commission approves 2.2 billion German State aid scheme to support the decarbonisation of industrial processes to foster the transition to a net-zero economy
13:17 Donau Soja urges EU for clarity on EUDR implementation
09.04.2024  
10:44 Ukraine remained the third source of EU imports in 2023, with a value of EUR 11.8 billion
06.04.2024  
10:04 World cereal output seen up in 2023/24
09:55 FAO Food Price Index rises in March
05.04.2024  
10:04 Shellfish Crop Insurance Program Offers Oyster Producers Needed Protection from Environmental Challenges and More
03.04.2024  
23:01 Croatian horseradish root Ludbreški hren' added to register of Protected Designations of Origin
02.04.2024  
10:15 FAO and chef Fatmata Binta announce new project to empower women fonio producers in Ghana
28.03.2024  
12:55 Council compromise on Ukraine ATMs Only a half step forward in the right direction
09:18 Commission approves amendment to Italian State aid scheme to support companies in Friuli Venezia Giulia in the context of Russia's war against Ukraine
26.03.2024  
10:55 Projected famine in Gaza: FAO urges immediate access to deliver urgent and critical assistance at scale. About 1.1 million people are experiencing catastrophic food insecurity

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2024 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com