The European Bank for Reconstruction and Development (EBRD) has extended an unfunded portfolio-risk-sharing facility to Raiffeisen Bank Ukraine (RBU), enabling the bank to provide up to EUR 100 million in financing for energy-related investments. Raiffeisen Bank Ukraine is the fourth Ukrainian bank to join the EBRD’s Energy Security Support Facility (ESSF), alongside Ukrgasbank, PrivatBank, and Oschadbank. The ESSF supports financing for projects that improve energy security, particularly in the context of Ukraine’s ongoing energy infrastructure challenges. Under this facility, the EBRD will partially cover the risk associated with sub-loans issued by RBU to micro, small, and medium-sized enterprises (MSMEs), as well as to eligible corporate and residential clients. The funding will be used for decentralized energy generation, energy storage, and energy efficiency measures. At least 70 percent of the sub-loans are expected to support projects that meet the EBRD’s Green Economy Transition (GET) criteria. Up to 20 percent will fund long-term capital investments by MSMEs to align operations with European Union (EU) standards under the EU4Business-EBRD Credit Line. Residential borrowers will account for up to 2 percent of the investments. Sub-borrowers will receive technical assistance and may qualify for grant support covering between 10 and 30 percent of their investment costs, depending on eligibility. Priority will be given to those impacted by the war, including internally displaced persons, businesses in conflict-affected areas, and those contributing to social reintegration efforts. The facility is supported by first-loss guarantees from the French government and the EU’s Ukraine Investment Framework (UIF). The ESSF was developed in response to widespread damage to Ukraine’s energy infrastructure, including the loss of over 9,000 MW of generation capacity due to conflict-related disruptions. This marks the third portfolio-based risk-sharing agreement between the EBRD and Raiffeisen Bank Ukraine since 2022. To date, the partnership has facilitated over EUR 220 million in financing, including EUR 2 million in incentives for completed projects. Raiffeisen Bank Ukraine is the country’s largest private bank, serving 2.6 million active clients. The EBRD has provided over EUR 6.2 billion in support to Ukraine since 2022, including EUR 2.4 billion in 2024. It remains the largest institutional investor in Ukraine.