“The first tranche of the program amounts to 150 million euros ($176 million) and will be directed toward lending to corporate, small and medium-sized businesses,” the statement said. “The agreement provides for a phased increase of the program’s overall limit to 510 million euros through the activation of additional tranches at the EBRD’s discretion.”
The new program is expected to significantly expand Ukrainian businesses’ access to financing during wartime.
Under the EBRD’s risk-sharing mechanism, the bank will assume part of the risk on loans that Oschadbank includes in the program portfolio. According to Oschadbank, this will allow for increased lending volumes and reduced collateral requirements for borrowers.
The program also expands financing opportunities for corporate clients, with a maximum loan amount of up to 10 million euros.
For the first time, with support from the European Union and donors to the EBRD’s Crisis Response Special Fund (CRSF), the program will include the EBRD’s Enterprise Security Enhancement (ESE) mechanism for micro, small and medium-sized enterprises (MSMEs) and MSME+ companies, defined as businesses with up to 500 employees and annual revenue of up to 75 million euros.
“Under the ESE mechanism, if a borrower’s assets are damaged as a result of hostilities, the EBRD will compensate the bank, after which Oschadbank will reduce the client’s outstanding loan balance by the corresponding amount. The total debt write-off limit under the ESE mechanism is 2.4 million euros,” Oschadbank said.
The bank added that another advantage of the program is technical assistance and grant support financed by the EU under the EU4Business-EBRD credit line with incentive measures.
Eligible MSME clients will be able to receive grants covering part of the cost of project implementation. Grant support will amount to 10% to 20% of a project’s value or loan amount.
War veterans, their family members and businesses directly affected by destruction caused by the war will be eligible for enhanced grant support of up to 30% of project costs, capped at 300,000 euros.
Key lending terms under the program include:
MSMEs: risk coverage ranging from 10% to 70%, with a maximum loan amount of up to 5 million euros;
Large corporate businesses: risk coverage ranging from 10% to 50%, with a maximum loan amount of up to 10 million euros;
Coverage periods of up to eight years for MSME investment loans, up to five years for investment loans to large businesses and MSMEs with a grant component, and up to three years for working capital financing.
As previously reported, Ukraine plans to sign 160 agreements worth more than 10 billion euros during the Ukraine Recovery Conference 2026 in Gdansk.