EFSE and ProCredit Bank Boost Financing for Ukrainian Agricultural Sector

The European Fund for Southeast Europe (EFSE) has provided Ukraine’s ProCredit Bank with a loan in Ukrainian hryvnia (UAH) equivalent to EUR 20 million. In light of the challenges faced by entrepreneurs during the COVID-19 crisis, the investment aims to enhance the bank’s ability to extend local currency financing to small farmers and agricultural producers – thus protecting this vital sector from exchange rate volatility while supporting their ability to access necessary liquidity to continue operations and sustain employment.

ProCredit Bank is the leading small and medium enterprise (SME) bank in Ukraine and, as an important conduit for SME financing, has been a long-standing partner of EFSE in the endeavor to expand access to finance for local entrepreneurs.