The European Investment Bank (EIB) and state-owned Ukreximbank (Kyiv) have signed a Letter of Intent to sign a financial agreement under the Economic Resilience Support Program II project for a total amount of EUR 100 million to finance small and medium-sized enterprises (SMEs), particularly in the energy efficiency and green technology sectors.
According to the bank’s website on Monday, the document was signed on July 10 at the International Conference on the Recovery of Ukraine (URC2025). The agreement is expected to give Ukrainian businesses access to long-term financing on favorable terms.
“Thanks to access to long-term financing, companies will be able to implement environmentally friendly projects, modernize production, and confidently integrate into the EU economic space,” said Viktor Ponomarenko, chairman of the board of Ukreximbank, as quoted in the statement.
According to the press release, the program aims to improve access for small and medium-sized businesses, as well as mid-cap companies, to sources of financing for investment projects and working capital needs. The initiative is expected to contribute to Ukraine’s sustainable economic development, its integration into the EU economy, and the entry of Ukrainian companies into international markets.
Within the framework of the EIB’s Green Initiative, Ukreximbank’s clients will be able to implement projects in the fields of renewable energy, energy efficiency, and the introduction of clean innovative technologies.
According to the NBU, as of April 2025, Ukreximbank ranked third in terms of total assets among 60 operating banks, with UAH 311.8 billion.
