Ukrgasbank Secures €120 Million in EIB Loans and a Portfolio Guarantee to Power Ukraine's Businesses and Municipalities

KYIV, 10 July 2025 – Ukrgasbank and the European Investment Bank (EIB) today announce a multi-part financial package at the Ukraine Recovery Conference (URC) in Rome. The facilities provide €120 million in targeted loans and a new EU-backed portfolio guarantee that will unlock more financing for small and medium businesses, marking a powerful start to the Ukraine Recovery Conference 2025.

As part of the comprehensive support package from the European Union, Ukrgasbank will direct this new financing to the following key areas:

• €50 million for Municipal Energy Independence: This loan will empower Ukrgasbank to finance municipalities in upgrading their district heating infrastructure. The funds will support investments in modern, decentralized heat generation, the integration of renewable energy sources, and significant energy efficiency improvements in public buildings. Crucially, an associated EU grant component will help open access to this financing for communities located near the front line zone.
• €70 million for SME Resilience and Green Growth: This credit line will be dedicated to financing Ukrainian SMEs, enabling them to sustain operations, modernize, and grow. A special emphasis will be placed on supporting "green" investments, aligning with Ukrgasbank's long-term strategy as the country's leading eco-bank. This financing is further enhanced by an EU-backed guarantee provided by the EIB, which will significantly increase Ukrgasbank's capacity to lend and unlock crucial capital for the private sector for the amount exceeding €31.25 million even in wartime conditions.

"We are grateful to the European Investment Bank and the EU for their trust and long-term partnership," said Rodion Morozov, Acting Chairman of the Board at Ukrgasbank. "Taking these pivotal steps on the opening day of the URC sends a strong message of action. This funding will not only expand credit support for small and medium-sized businesses but will also promote the implementation of environmentally responsible solutions at the local level. It is a direct investment in Ukraine's resilience and its European path."

“Behind every investment is a very real goal – to help communities rebuild, to keep homes warm and to create opportunities for Ukrainian businesses,” said EIB Vice-President Teresa Czerwińska, who oversees the bank’s operations in Ukraine.

These agreements represent the first of several announcements expected from the conference, highlighting the ongoing and expanding partnership between Ukrgasbank and its international partners in rebuilding Ukraine. More news is expected to follow.

About Ukrgasbank: JSB "UKRGASBANK" is a dynamic state-owned bank in Ukraine, with the state owning 94.94% of its shares. The bank is a leading expert in financing sustainable development and green projects, providing comprehensive banking services to private, corporate, and SME clients. Ukrgasbank is committed to supporting the strengthening of the Ukrainian economy and its sustainable, green reconstruction.

About EIB in Ukraine: Present in Ukraine since 2007, the EIB has stepped up its financial support for the country’s resilience and modernisation since Russia’s full-scale invasion of Ukraine in 2022. Since then, the EIB has provided €3.6 billion in financing, with almost two-thirds already disbursed. Through its EU for Ukraine (EU4U) Initiative, coupled with its key role in implementing the European Union’s €50 billion Ukraine Facility, the EIB is strongly committed to stepping up and accelerating its activities in line with the mandate given by EU leaders and in close cooperation with the European Commission, the European Parliament, Member States and international partners. 

10.07.2025