EIB Group provides EU-backed guarantee to ProCredit Bank to expand finance for war-affected businesses in Ukraine

December 15, 2025 by European Investment Bank Leave a Comment

Children holding signs that read 'SAVE UKRAINE' and 'STOP WAR' in front of a statue, with one boy waving a small Ukrainian flag. — (Credit: Unsplash)

This article is published in association with European Investment Bank.

New EU-backed guarantee will mobilise over €43 million in additional lending for more than 220 SMEs in Ukraine
The guarantee is backed by the EU4Business Guarantee Facility II, financed by the European Union
The support comes as many Ukrainian companies continue to face the pressures and disruptions caused by Russia’s war

The European Investment Bank (EIB) and the European Investment Fund (EIF) – together the EIB Group – have signed a new EU-backed guarantee that will enable ProCredit Bank Ukraine to mobilise more than €43 million in additional lending for small and medium-sized enterprises (SMEs).

The guarantee will enable ProCredit Bank to expand the financing it can provide to Ukrainian SMEs and offer more favourable conditions, helping businesses remain stable and continue developing during the war.

It is expected to support more than 220 companies, with a focus on agriculture, manufacturing and trade, and on SMEs led by women and young entrepreneurs or enterprises affected by the war.

“Ukrainian SMEs are demonstrating remarkable resilience in extremely challenging circumstances. The EIB Group is committed to supporting these businesses by helping them access the financing they need to continue operating, protect jobs and plan for the future,” said EIB Group Vice-President Teresa Czerwińska, who oversees the Bank’s operations in Ukraine.

“Small and medium-sized enterprises are the backbone of Ukraine’s economy and will be at the heart of its recovery. With support from the Ukraine Facility, channelled through the EU4Business Guarantee Facility, the European Union is helping Ukrainian businesses secure affordable financing so they can invest, safeguard jobs and continue driving the country’s economic resilience, even in wartime,” said Head of Cooperation at the EU Delegation to Ukraine Stefan Schleuning.

“We are deeply grateful for the unwavering support of the EIB Group and the European Union. This guarantee comes at a critical time for Ukrainian businesses. It enables us to provide them with faster, more affordable financing so they can keep operating, protect jobs and invest in their and our future. Our mission at ProCredit Bank is to stand by our clients when it matters most, and this partnership helps us do exactly that,” said CEO of the Management Board at ProCredit Bank Ukraine Oleksandr Povshednyi.

Background information

The EIB in Ukraine

The European Investment Bank (EIB) has been working in Ukraine since 2007. Following Russia’s full-scale invasion in 2022, the Bank has stepped up its financial support to help strengthen the country’s resilience and rebuild its infrastructure. Since then, the EIB has provided €4 billion in financing for Ukraine. Through its EU for Ukraine (EU4U) Initiative, coupled with its key role in implementing the Ukraine Investment Framework, a dedicated window of the Ukraine Facility, the EIB is strongly committed to accelerating its activities in line with the mandate given by EU leaders, in close cooperation with the European Commission, the European Parliament, Member States and international partners.

About ProCredit Bank

ProCredit Bank Ukraine is part of the international ProCredit group, headquartered in Frankfurt am Main, Germany. The group’s sole shareholder is ProCredit Holding AG. As a specialised bank focused on small and medium-sized enterprises (SMEs), ProCredit Bank offers a wide range of banking services, combining high-quality customer service with deep expertise in SME financing.

ProCredit Bank is firmly committed to responsible banking, transparency, financial inclusion, and sustainable development. With a particular emphasis on green finance, the bank provides tailor-made financial solutions that enable businesses to grow while contributing to economic resilience and environmental responsibility. In Ukraine, the bank has played a vital role in supporting SMEs through periods of both growth and crisis – especially by fostering investment in agriculture, manufacturing, and renewable energy.

For more information about ProCredit Bank in Ukraine, please visit: www.procreditbank.com.ua

Trending now:

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe to get the latest posts sent to your email.

This article was exclusively written for The European Sting by Mr. Frank Shao is a Tanzanian medical student. He is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s view on the topic, nor The European Sting’s one.

Access to Healthcare: is it too much to ask?

January 30, 2026

This article was exclusively written for The European Sting by Mr. Khalil Al Bilani is a 5th-year medical student at Saint George’s University of Beirut. He is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect […]

UN Photo/Manuel Elías Ramiz Alakbarov (on screen), Deputy Special Coordinator for the Middle East Peace Process, briefs the Security Council meeting on the situation in the Middle East.

Potential turning point for Gaza as peace plan enters second phase: UN envoy

January 29, 2026

This article is published in association with United Nations. The start of a second phase of a stabilisation plan for Gaza offers a potential turning point for the war-ravaged enclave, a senior UN official told the Security Council on Wednesday. Ramiz Alakbarov warned that risks of violence escalating again remain high, while the situation in the […]

Gaza ceasefire improves aid access, but children still face deadly conditions

January 28, 2026

The fragile ceasefire in the Gaza Strip is making a difference to the lives of over a million children, and improving overall access to food – but more aid still needs to enter. That’s the assessment of two senior officials from the UN Children’s Fund (UNICEF) and the World Food Programme (WFP), speaking on Monday to journalists in New York following a […]

A new blow for UNRWA as headquarters in East Jerusalem ‘set on fire’

January 27, 2026

© UNRWA Destruction at UNRWA headquarters in East Jerusalem after Israeli authorities sent in bulldozers on 20 January. This article is published in association with United Nations. The head of embattled UN relief agency for Palestinians, UNRWA, has condemned reports that its headquarters in East Jerusalem have been set alight deliberately. It comes after Israeli authorities […]

© UNHCR/Yevheniia Kozun This cinema in Saltivka, Kharkiv, was hit during an earlier strike (file Jan 2026).

‘Cycle of attacks must end’: Lead UN official in Ukraine

January 26, 2026

This article is published in association with United Nations. The senior UN official in Ukraine, Matthias Schmale, has issued a condemnation of the massive overnight Russian drone and missile strike on several major Ukrainian cities, killing and injuring civilians, and knocking out energy infrastructure amid sub-zero temperatures. The attacks on some of Ukraine’s most important population […]

WHO/P. Virot The flag of the UN World Health Organization (WHO) flies at its headquarters in Geneva, Switzerland.

US withdrawal from WHO ‘risks global safety’, agency says in detailed rebuttal

January 25, 2026

This article is published in association with United Nations. The World Health Organization (WHO) has issued a detailed statement regretting the United States decision to leave the UN agency, and declaring that it will leave both the US and the world less safe as a result. The statement, released on Saturday, also includes a rebuttal of […]

© UNOCHA/Ximena Borrazas Kateryna and her two children warm up at a heating point and use rhe available electricity to charge their devices.

Keeping people warm amid hostilities and harsh winter weather in Ukraine

January 24, 2026

This article is published in association with United Nations. As people in war-torn Ukraine face the coldest winter in more than a decade, authorities and humanitarians are working to help them stay warm, particularly the most vulnerable residents. Russian forces continue to attack Ukraine’s energy grid, leaving families without electricity and heating as temperatures plummet to -20° Celsius. Since 2022, the Government has established so-called “Invincibility Points” – located in tents or public […]

UN News A UN emergency shelter set up amid the ruins of Gaza.

Gaza: War crimes probe pledges to continue work for justice and accountability

January 23, 2026

This article is published in association with United Nations. As President Trump launched the international Board of Peace plan for Gaza on Thursday, top independent rights experts tasked by the UN Human Rights Council with investigating grave abuses linked to the Hamas-Israel war pledged to continue their work seeking justice and accountability for all. “The Board […]

© WFP/Maxime Le Lijour Children wait for a hot meal at a kitchen in Khan Younis, Gaza, supported by the World Food Programme.

Cold kills another infant in Gaza as West Bank displacement intensifies

January 22, 2026

This article is published in association with United Nations. Another child in the Gaza Strip has died from hypothermia as winter weather continues to whip the enclave, the UN said on Wednesday, citing information from the health authorities. The baby girl – just three months old – was found frozen to death on Tuesday morning at her home in […]

Critical medicines: EU measures to boost competitiveness and tackle shortages

January 21, 2026

This article is brought to you in association with the European Parliament. On Tuesday, Parliament adopted proposals to enhance the availability and supply of essential medicines in the EU. The report, adopted with 503 votes in favour, 57 against and 108 abstentions, aims to ensure a high level of public health protection for EU citizens by […]

Europe Was Warned: Why the Next Pandemic Could Be Worse

January 20, 2026

This article was exclusively written for The European Sting by one of our passionate readers, Dr Taimoor Ahmed Shumail , MD | Dr Ahmed Bilal , MD , Vice President Global Health and Diplomacy Wing – Pakistan International Medical Students Association. The opinions expressed within reflect only the writer’s views and not necessarily The European Sting’s position […]

UN News Many Palestinian families are living in poorly equipped shelters that are highly vulnerable to flooding, leaving people inevitably exposed to harsh, stormy weather..

Gaza humanitarian crisis ‘far from being over,’ UN aid coordination office warns

January 18, 2026

This article is published in association with United Nations. Three months into the ceasefire in the Gaza Strip, the UN and partners have delivered tonnes of assistance items and carried out critical repairs, but this is only a temporary “Band-Aid” solution, a veteran aid worker has warned. “The humanitarian situation and crisis in Gaza is far […]

This article is published in association with European Investment Bank.

Will AI kickstart a new age of nuclear power?

January 17, 2026

This article is published in association with United Nations. The rapidly expanding use of artificial intelligence worldwide is putting electrical grids under huge pressure and many believe that, to meet that need without contributing to the climate crisis, a full-scale expansion of nuclear energy is essential. The global demand for electricity is growing at a vertiginous […]

UN Photo/Loey Felipe Martha Ama Akyaa Pobee, Assistant Secretary-General for Political Affairs briefs the Security Council meeting on the situation in Iran.

Iran: UN urges ‘maximum restraint’ to avert more death, wider escalation

January 16, 2026

This article is published in association with United Nations. As nationwide protests in Iran appear to ease after nearly three weeks of unrest and bloodshed, a senior UN official called on Thursday for action to prevent further escalation. Assistant Secretary-General Martha Pobee briefed an emergency meeting of the Security Council in New York called by the […]

UNRWA UNRWA Headquarters in East Jerusalem

East Jerusalem: Forced shutdown of UN clinic signals escalating disregard for international law

January 15, 2026

This article is published in association with United Nations. The temporary closure of a UN-run health centre in East Jerusalem is the latest phase in “a pattern of deliberate disregard” for international law, the head of the UN agency that assists Palestine refugees, UNRWA, said on Wednesday. Israeli forces stormed the UNRWA-operated health centre on Monday and ordered it […]

Iran: ‘The killing of peaceful demonstrators must stop,’ UN rights chief says

January 14, 2026

This article is published in association with United Nations. As anti-government demonstrations continue across Iran, the UN human rights chief said on Tuesday that he was horrified at the mounting violence directed by security forces against protestors, with reports of hundreds killed and thousands arrested. Volker Türk urged the authorities to immediately halt all forms of violence and repression against peaceful […]

© UNHCR/Yevheniia Kozun The bombing of residential buildings in Saltivka, Kharkiv, has left many Ukrainians without power.

Ukraine: Deadly Russian strikes push civilians deeper into winter crisis

January 13, 2026

This article is published in association with United Nations. Ukraine has entered the new year under intensifying and deadly Russian attacks which have crippled energy systems and left millions without heating, electricity or water amid freezing temperatures, senior UN officials told the Security Council on Monday. Under-Secretary-General for Political Affairs Rosemary DiCarlo told ambassadors the start […]

UN Photo/Eskinder Debebe UN Secretary-General António Guterres. (file photo)

UN chief ‘shocked’ by reports of excessive force against protesters in Iran

January 12, 2026

This article is published in association with United Nations. The UN Secretary-General is shocked by reports of violence and excessive use of force by Iranian authorities against protesters across the country, urging restraint and the immediate restoration of communications as unrest enters its third week. “All Iranians must be able to express their grievances peacefully and […]

Ukraine: New strikes disrupt basic services for millions

January 9, 2026

This article is published in association with United Nations. Several parts of Ukraine were hit by a new wave of Russian strikes between Wednesday and Thursday morning. The attacks over the last 24 hours left civilians reportedly killed and injured in the port city of Odesa, interrupting power and water supplies there, as well as in […]