EBRD supports more than €53 million of food security loans in Ukraine

The EBRD is boosting food security in wartime Ukraine by issuing risk-sharing instruments to selected local banks and a leasing company that will back more than half the credit risk of newly originated financing provided by them up to a total value of €53.25 million.

Report informs, citing the bank, that the share of risk the EBRD takes on with ProCredit Bank, OTP Bank Ukraine and OTP Leasing comes to €30 million.

The EBRD’s dedicated food security package envisages supporting €200 million of food security investment this year in Ukraine.

The EBRD is also supporting trade, energy security, vital infrastructure and the pharmaceuticals industry through €1 billion of investment planned in Ukraine this year.