Oschadbank and the European Bank for Reconstruction and Development (EBRD) have signed a letter of mandate regarding the preparation and implementation of a new risk-sharing facility to support Ukrainian businesses with a financing portfolio of up to €510 million, the state-owned bank announced on Monday.
The document was signed in London following a meeting between Oschadbank CEO Yuriy Katsion and EBRD Managing Director and Head of Financial Institutions Francis Malige on the sidelines of the “Pathways to Paris 2026” conference.
“To date, the total financing limit under the risk-sharing programs implemented by Oschadbank with the EBRD since early 2024 has reached EUR300 million,” Katsion noted.
Under the new instrument, the EBRD may assume up to 70% of the credit risk for individual transactions.
The program is intended to support businesses that have suffered losses or damage as a result of the war, relocated businesses, companies contributing to economic recovery, as well as businesses owned by veterans, internally displaced persons, and women-led enterprises.
The parties agreed to continue working on structuring the program and finalizing the parameters of further cooperation.
Oschadbank serves approximately 6 million active customers and is the leader in corporate lending with a market share of about 14%. As of February 1, 2026, the bank’s loan portfolio stood at UAH 127.5 billion.
According to National Bank data, as of February 1, 2026, Oschadbank ranked second (UAH 494.51 billion) in terms of net assets among 60 banks.
As reported, in 2025 the EBRD allocated EUR2.9 billion in financing, including EUR504 million under portfolio risk-sharing programs, which facilitated new lending by Ukrainian partner financial institutions totaling up to EUR1.6 billion.
The European Bank for Reconstruction and Development (EBRD) is building a portfolio of private investments in renewable energy and battery energy storage systems (BESS) in Ukraine for 2026, with a total capacity of over 1 GW.
“The EBRD is building a portfolio for 2026 and plans to support such transactions as early as this year,” the EBRD’s Ukraine Facebook page reported on March 24.
Specifically, the EBRD plans to attract investors to projects involving the construction of approximately 570 MW of wind power plants, 240 MW of solar generation, and 230 MW of storage systems.
“All these projects are private investments. As Arvid Türkner, the EBRD’s Head of Operations in Ukraine and Moldova, emphasizes, private sector participation is critical,” the statement noted.
As the EBRD emphasized, this is precisely why RAMP UP was created—a joint initiative of the EBRD and the World Bank that stabilizes revenues from renewable energy and unlocks large-scale private investment.
“The goal is to accelerate the sector so that Ukraine’s potential can be harnessed as soon as conditions improve. The first auctions are expected in 2026,” the bank states.
The Council of Europe Development Bank (CEDB) has granted Ukraine additional loans: 100 million euros for the HOME program to compensate citizens for housing destroyed by the war, as well as 20 million euros to support microenterprises and small farms in Ukraine.
As reported by the Ministry of Finance on Wednesday, the relevant decision was adopted by the EBRD’s Administrative Council on March 16–17, in a joint meeting with the Governing Board attended by Deputy Minister Olga Zykova.
The HOME program is implemented through a state-run housing certificate mechanism, which allows citizens whose homes were destroyed as a result of Russian aggression to receive compensation for the purchase of new housing. Using the previously provided and fully utilized €200 million, 3,774 housing units were purchased for over 13,000 Ukrainians, who received new housing.
“As of early 2026, over 98,000 applications for compensation for destroyed housing have been submitted, indicating a massive need to restore the housing stock. Additional funding will allow us to support another 3,000 families and extend the program’s implementation until June 30, 2028,” the Ministry of Finance noted.
As for the €20 million, this program will be implemented through the National Development Agency (formerly the Entrepreneurship Development Fund), which will provide financing through partner banks and credit unions. The program’s total funding also includes a €4.6 million EU investment grant under the Ukraine Investment Framework, €0.23 million in technical assistance, and a €3 million EBRD grant to cover currency risks.
The program is aimed at supporting entrepreneurs affected by the war, internally displaced persons, veterans, women entrepreneurs, youth, people with disabilities, and small farms, the Ministry of Finance clarified.
It is expected that at least 50% of the €20 million in funding will be directed toward vulnerable groups, and 30% of the investments will go toward energy-efficient and sustainable projects.
The European Bank for Reconstruction and Development (EBRD) has approved a grant of EUR4.13 million to support Superhumans centers in Dnipro and Odesa, according to the financial institution’s website.
“The need for grant support is related to the extraordinary circumstances of the war and the shortage of specialized rehabilitation services, which forces patients to travel long distances to Lviv or abroad,” the EBRD said in a statement.
It is reported that in mid-2026, the organization plans to launch a medical center in Odesa, designed for 600 new patients per year and to support up to 1,200 people annually with follow-up services. The launch of the center in Odesa should expand access to multidisciplinary rehabilitation care in southern Ukraine.
Currently, Superhumans military trauma centers operate in Lviv and Dnipro: the first was launched in April 2023, the second was opened in June 2025, and together they can accept up to 2,000 patients per year.
Superhumans is a nationwide military trauma center that has specialized in prosthetics, reconstructive surgery, rehabilitation, and psychological support for adults and children affected by war since 2022.
The organization cooperates with the Ukrainian Ministry of Health to update care protocols and improve the qualifications of medical workers, supports state hospitals through international medical missions and training of specialists, including prosthetists, and interacts with the Ministry of Veterans Affairs and the Ministry of Economy in programs to support and reintegrate veterans.
DNIPRO, EBRD, GRANT, ODESA, Superhumans
The European Bank for Reconstruction and Development has set records for financing Ukraine for the second year in a row: in 2025, it amounted to EUR2.9 billion after EUR2.4 billion in 2024, according to a press release from the bank on Thursday.
“Energy security accounted for more than €1.2 billion of EBRD financing to Ukraine in 2025… And for the second year in a row, more than 90% of projects and 57% of its investments were directed to the private sector,” the information notes.
According to the press release, in 2025, the EBRD allocated a record EUR 1.2 billion through partner financial institutions in Ukraine, including EUR 550 million under the Trade Facilitation Program.
The bank also provided EUR 504 million under portfolio risk-sharing programs, which provided new lending by Ukrainian partner financial institutions in the amount of up to EUR 1.6 billion.
In total, since 2022, these programs have enabled more than EUR 2.4 billion in new lending through 30,000 sub-loans to Ukrainian businesses, mainly small and medium-sized enterprises (SMEs).
In addition, the bank has focused on supporting skills development and employment in Ukraine, enabling partner financial institutions to develop specialized lending products that mobilize financing for veterans and veteran-owned businesses.
As EBRD First Vice President Gregory Hayett, who was visiting Kyiv this week, told reporters, the issue of personnel and their quality currently appears to be the most important for companies, even more so than ensuring their electricity supply.
In 2025, as part of programs with partner banks, the EBRD supported 111 sub-loans totaling EUR 12.2 million for the reintegration of veterans.
According to EBRD calculations, it is the largest provider of risk-sharing services for loan portfolios outside of government programs.
The EBRD stressed that the increase in funding for Ukraine was made possible by additional forms of financing and assistance from partners. In 2025, this included significant donor grants and trade financing amounting to EUR 600 million, while the EBRD’s core investments reached a record EUR 2.3 billion.
According to the release, since the start of Russia’s full-scale war against Ukraine in February 2022, the bank has allocated EUR 9.1 billion to the country, including nearly EUR 3.3 billion for energy security.
During this time, the EBRD mobilized EUR 3.4 billion in donor funds for Ukraine, including unfunded guarantees, of which EUR 904 million in secured financing was signed in 2025.
An additional EUR 20 million was mobilized in 2025 through multilateral donor funds, enabling investment in a variety of projects across the country, the EBRD noted.
“We will continue to support Ukraine and are already working with the government to lay the groundwork for reconstruction,” EBRD President Odile Renaud-Basso said in the release.
According to him, the bank will continue to provide Ukraine with at least EUR 1.5 billion per year during the war, with the possibility of further increases once reconstruction begins. These intentions are backed by a 2023 agreement to increase the EBRD’s paid-in capital by EUR 4 billion, which provides support to Ukraine. The capital increase has already been 95% completed.
The release also notes that, in addition to financing, the EBRD continues to support Ukraine’s reform efforts and preparations for the effective absorption of the huge amount of financing that the recovery is expected to bring. To this end, the bank is involved in project preparation, including the multinational Ukraine FIRST initiative announced in 2025, which aims to accelerate the restoration of Ukraine’s critical infrastructure by optimising and coordinating the preparation of large-scale projects.
Overall, in 2025, the bank’s annual investments in all EBRD regions increased to EUR16.8 billion, also a record, from EUR16.6 billion in 2024. The bank’s full financial results are expected to be announced in the spring.
The EBRD was established in 1991. According to data at the end of 2024, during its operation, the financial institution approved 624 projects for Ukraine worth EUR22.15 billion, of which EUR14.14 billion was disbursed. The current portfolio at the end of 2024 consisted of 241 projects worth EUR6.13 billion.
The European Bank for Reconstruction and Development (EBRD) has approved the New Horizons technical cooperation program aimed at stimulating innovative investments in Ukraine’s agri-food system, the bank’s press service reported.
The project is expected to become a key tool for restoring the national economy and accelerating the European integration of agribusiness, the EBRD noted.
According to the project description, the program is focused on supporting businesses that implement advanced technologies in food production and agriculture.
The key areas of the New Horizons program are stimulating investment based on a combination of industry analytics and mapping opportunities for informed investment decisions; supporting high-potential segments by supporting areas such as alternative protein production and sustainable intensive agricultural production.
In addition, the project aims to establish international cooperation, in particular between Ukrainian businesses and leading international research and development (R&D) institutions, to strengthen innovation potential. It is expected that selected Ukrainian enterprises will be provided with audit and innovation screening services to identify opportunities for modernizing their business processes.
The program also includes a review of the Ukrainian agrotech sector’s compliance with EU requirements for food safety, sustainable development, and digital trade standards.
The research results and innovation opportunities will be presented to Ukrainian companies during a special knowledge-sharing event that will bring together technology developers, startups, and large agribusinesses.
The EBRD is the largest institutional investor in Ukraine. Since the start of Russia’s full-scale invasion in 2022, the bank has directed more than EUR 8.5 billion to the country to support energy security, critical infrastructure, food security, trade, and the private sector.
