EFSE and Agroprosperis Bank Strengthen Partnership to Provide Financing in Local Currency for Ukrainian Farmers

The European Fund for Southeast Europe (EFSE) has provided a senior loan in Ukrainian hryvnia equivalent to EUR 5 million to partner Agroprosperis Bank for on-lending to agricultural micro and small enterprises (MSEs) in Ukraine. Through the investment, the partners aim to facilitate farmers’ ability to access much-needed financing to sustain their businesses using local currency.

As part of the AP Group, one of the largest agricultural business groups in the country, Agroprosperis Bank’s deep understanding of agricultural business has made it a valuable financial institution for Ukrainian farmers. This sector expertise has created a fruitful collaboration with EFSE in pursuing the fund’s mission to promote economic development and prosperity through financial inclusion and support to entrepreneurs. The new investment in local currency will further enable the partners to ensure that agricultural MSEs have access to much-needed liquidity while safeguarding them from the exchange rate risks inherent to financing in a foreign currency.