The European Bank for Reconstruction and Development (EBRD) has provided Credit Agricole Bank (Kyiv) with a new guarantee that will enable the financial institution to issue loans to Ukrainian enterprises in the amount of EUR 150 million and cover up to 80% of the risk on them.
“We have a long-standing partnership with the EBRD and share a common vision of investing in resilience and sustainable development. Together, we are helping businesses recover, strengthen, and reduce their dependence on external risks, which is fully in line with our AIR strategy: Aim is to Invest in Recovery,” said Carlos de Cordoba, Chairman of the Board of Credit Agricole Bank, in a press release on Tuesday.
Under the terms of the program, Credit Agricole Bank will provide EUR 150 million to companies operating in critical sectors, as well as SMEs and mid-cap companies investing in energy production and storage, energy efficiency, and modernization.
As noted on the EBRD website, the project is divided into three components: the Resilience and Livelihoods Program, the Energy Security Support Facility, and the EU4Business–EBRD credit line with investment incentives.
The largest share of the portfolio coverage – up to EUR 80 million – is intended to finance working capital and private business investments in key sectors. EUR 40 million is earmarked for power generation, energy storage, and energy efficiency, and EUR 30 million for the modernization of MSMEs in line with EU standards, of which at least 70% must support green projects. This block provides for technical assistance and grant incentives after the completion of investments.
Eligible enterprises will also be able to receive technical assistance and investment incentives funded by the EU under the EU4Business initiative. Additional grants are provided for businesses and households that have suffered destruction, loss of assets, forced displacement, as well as for companies that promote the reintegration of veterans, persons with disabilities, and IDPs.
It is noted that this is already the third agreement on portfolio risk sharing between the EBRD and Credit Agricole Bank since the start of the full-scale invasion by the Russian Federation.
The EBRD has previously allocated EUR 75.4 million in EU grants to Ukrainian MSMEs under the EU4Business-EBRD line, of which EUR 2.25 million was allocated to projects involving Credit Agricole Bank.
According to the EBRD, since the start of the full-scale invasion, the bank has provided Ukrainian borrowers with approximately EUR 3.29 billion through 40 similar agreements with 12 partners. The loan programs are supported by partial coverage of first-loss risk, which is financed by France and the EU under the Investment Facility for Ukraine (UIF).
Credit Agricole Bank was founded in 1993, and its sole shareholder is Credit Agricole S.A. (France). According to the NBU, as of October 1, 2025, the bank ranked 11th (UAH 116.26 billion) among 60 banks in Ukraine in terms of assets.
The shareholders of Credit Agricole Bank Ukraine decided to keep all profits generated in Ukraine inside the country, thus increasing the Tier 1 capital, said Vitaliy Kucher, Member of the Management Board and CFO of the bank.
“We have made a political decision, and all the income that the bank earns in Ukraine remains in Ukraine. That is, we do not postpone the distribution of dividends, we distribute them, we increase the Tier 1 capital,” he said at the Association of Ukrainian Banks conference ‘Financial Sector of Ukraine 2024: Results, Challenges, Forecasts’ in Kyiv on Wednesday.
“That is, the money stays here forever to support the economy, to build a sufficient buffer for the development of lending,” Kucher added.
According to him, in case of building an acceptable investment climate and predictable environment, conducting the right regulatory and state policy, “money will flow here (to Ukraine – IF-U).”
The CFO also noted that the group’s central management is actively involved in the subsidiary’s operations, in particular, unlike a number of other foreign banks, he personally visits Ukraine during a full-scale war.
Credit Agricole Bank (formerly Index Bank) was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France). According to the National Bank of Ukraine, as of October 1, Credit Agricole Bank ranked 10th in terms of total assets (UAH 121.08 billion) among 62 banks operating in the country. The net profit of the financial institution for the first nine months of 2024 amounted to UAH 5.12 billion, and its equity as of October 1 amounted to UAH 14.15 billion.
In 2023, Credit Agricole Bank increased its net profit to UAH 2.8 billion from UAH 0.3 billion in 2022, the press service of the financial institution reported on Friday.
“This result is largely due to high liquidity in the market and a wide spread between interest rates, which is more likely to be temporary. In 2024, there will be a gradual transition to a more normal functioning of the banking market, although military risks remain relevant,” the NBU said in a statement.
It is noted that Credit Agricole’s net banking income last year amounted to UAH 8.8 billion, which is 37% higher than the result of 2022 (UAH 6.4 billion). According to the press service of the financial institution, this figure was achieved due to high net interest income generated by a strong liquidity position, while operating expenses of the bank increased by 21% from UAH 1.9 billion to UAH 2.4 billion.
In particular, personnel costs increased by 20% by 2022, while other expenses increased by 25% due to investments in IT infrastructure to ensure uninterrupted operation within the Power Banking project, development of mobile applications for individuals and IT Professionals clients, as well as improvement of the Internet banking solution for legal entities (CORPEX).
It is indicated that the bank’s deposit portfolio exceeded UAH 90 billion, having increased by 41%, or UAH 26 billion, which, according to the bank, is a manifestation of customer confidence.
According to the information, in 2023, the bank added about UAH 1 billion in reserves (in 2022 – UAH 6.3 billion) and maintained its loan coverage ratio at 25.8%.
“Asset quality is stabilizing, and the NPL ratio has been consistently declining for six months in a row, reaching 12.9% as of December 2023,” the bank said.
It is noted that Credit Agricole has strong liquidity positions in both hryvnia and foreign currency: LCR at 277% and NSFR at 345%. Meanwhile, the regulatory capital adequacy ratio (N2) was 28.3% in December 2023.
In 2023, Credit Agricole will pay UAH 3.3 billion in taxes and contributions, the press service informed.
According to the National Bank of Ukraine, as of December 1, 2023, Credit Agricole Bank ranked 11th in terms of total assets (UAH 103.07 billion) among 63 operating banks in the country, with 141 branches. The bank is fully owned by French Credit Agricole SA.
On December 15, Ukraine’s Credit Agricole Bank signed a EUR 40 million hryvnia equivalent risk-sharing agreement with the International Finance Corporation (IFC) under the IFC Small Loan Guarantee Program to empower Ukrainian businesses, the bank said in a release on Thursday.
“This will allow the bank to support investments by micro, small and medium-sized enterprises (SMEs), in particular in the agricultural sector, which are crucial for the sustainability of the country’s economy,” the statement said.
It is specified that the agreement was signed under the IFC Small Loan Guarantee Program, which is supported by the European Commission through the European Fund for Sustainable Development. The project is part of the IFC’s $2 billion Economic Resilience Action (ERA) program to support Ukraine’s private sector.
According to the National Bank of Ukraine, as of October 1, 2023, Credit Agricole Bank ranked 11th in terms of total assets (UAH 100.36 billion) among 63 operating banks in the country, with 141 outlets. The bank is fully owned by French Credit Agricole SA.
The net profit of Credit Agricole Bank (Kyiv) in 2019 amounted to UAH 1.73 billion, which is 18%, or UAH 267 million more than in 2018, the bank’s website reports.
At the same time, the bank’s net profit for the fourth quarter of 2019 amounted to UAH 398 million, which is 43% more than the same indicator a year earlier (UAH 278 million).
The bank’s net interest income for 2019 increased by 7% and amounted to UAH 2.48 billion.
In 2019, the bank’s assets increased by 8%, to UAH 35.3 billion, in particular loans and customers’ debts by 5%, to UAH 25.06 billion, as well as investments and securities by 46%, UAH to 1.46 billion.
The bank’s liabilities since the beginning of the year have grown by 5%, to UAH 30.15 billion, while subordinated debt decreased by 36%, to UAH 679 million.
The bank’s net worth in 2019 rose by 23% and amounted to UAH 5.16 billion.
Credit Agricole Bank was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France).
Credit Agricole Bank ranked 11th among 76 banks operating in the country as of October 1, 2019 in terms of total assets (UAH 38.111 billion), according to the National Bank of Ukraine.
The net profit of Credit Agricole Bank (Kyiv) in January-September 2019 amounted to UAH 1.332 billion, which is 12.4% more than for the same period in 2018 (UAH 1.185 billion), the bank reported in its quarterly statements.
According to the report posted on the bank’s website, net profit for the third quarter of 2019 amounted to UAH 507.335 million, which is 28.1% more than for the third quarter of last year.
Net interest income for the nine months of this year increased by 9.8% compared with the same period a year earlier, to UAH 1.787 billion.
The bank’s assets in January-September 2019 grew by 10%, to UAH 36.057 billion, in particular loans to customers by 22.4%, to UAH 26.549 billion.
Bank liabilities since the beginning of the year have grown by 9.5%, to UAH 31.316 billion.
The bank’s net worth in January-September 2019 increased by 12.8%, to UAH 4.741 billion. Charter capital remained at the level of UAH 1.223 billion.
Credit Agricole Bank was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France).
Credit Agricole Bank ranked 12th among 76 banks operating in the country as of July 1, 2019 in terms of total assets (UAH 40.033 billion), according to the National Bank of Ukraine.
