State-owned Ukrgasbank has signed a new guarantee agreement with the European Investment Bank (EIB) and the European Investment Fund (EIF) under the EU4Business Guarantee Facility Ukraine program, which is expected to provide more than €31 million in financing to Ukrainian businesses, the financial institution said on Thursday.
“By working with strong local partners such as Ukrgasbank, the EIB Group is helping to ensure that Ukrainian businesses have access to vital financing when they need it most,” said EIB Vice President Teresa Czerwinska.
The bank specified that the support extends not only to small and medium-sized businesses, but also to labor-intensive enterprises with up to 500 employees. Priority will be given to companies owned or managed by veterans, internally displaced persons, women, or entrepreneurs under the age of 36, as well as businesses in regions most affected by the war.
According to the announcement, the guarantee mechanism will cover 30-80% of the credit risk for individual transactions and will apply to investment loans, working capital financing, and documentary transactions, including bank guarantees and letters of credit. Financing is provided for a term of 6 to 84 months in hryvnia, euros, or US dollars, in particular with reduced collateral requirements.
The financing was made possible with the support of the European Union under the Ukraine Facility program.
As reported, in terms of the number of loans serviced as of December 1, 2025, under state guarantees on a portfolio basis, Ukrgasbank ranks third with over 1,000 loans worth UAH 10.4 billion, or 69% of the limit of such guarantees provided to the bank.
Ukrgasbank is the fifth largest bank in Ukraine in terms of assets: according to the National Bank, as of December 1, 2025, they amounted to UAH 208.24 billion.
