Financing private projects in Ukraine: 5 instruments from international banks
BGK, EIB, EDFI, EBRD and IFC: ticket sizes, tenors and terms for private investment in Ukraine.
2 min read
Several international financial institutions now offer instruments for private projects in Ukraine, some backed by EU guarantees under the Ukraine Investment Framework (UIF). Here is a short overview of five of them: who they are for, ticket sizes and key terms.
1. BGK: direct loans under the Ukraine Facility
The Polish development bank BGK provides long-term investment loans backed by an EU guarantee.
- Sectors: energy, transport and logistics, manufacturing, dual use.
- Eligible: private companies in Ukraine, SPVs, subsidiaries or branches of European companies.
- Terms: projects of €5-50m, tenor up to 15 years, in EUR; at least 80% for CAPEX; investor equity of 20%+; pricing EURIBOR + EU guarantee cost + bank margin; interest subsidies possible for selected deals.
2. EIB: a one-stop shop for EU investment in Ukraine
The package combines European Investment Bank lending, export credit agency insurance and EU grants.
- For: investments by European and Ukrainian companies, sector agnostic, focused on new CAPEX and green projects (no acquisitions).
- Terms: projects from €25m; CAPEX lending up to 100%; war and political risk insurance up to 100% for EU equipment supply (60%+ of project cost); EU/UIF investment grant up to 20% of project cost.
3. EDFI Ukraine: guarantees for European development finance institutions
EDFI Management Company manages a €225m EU guarantee that covers part of the risks of European DFIs in Ukraine.
- Renewable energy: generation, grids, storage, biomethane; average ticket about €17m.
- Value chains: agri-food, industry, logistics, digital services, pharma, recycling, critical raw materials; about €12m.
- Funds: about €15m; plus €11.25m of technical assistance for project preparation.
4. EBRD: the largest institutional investor in Ukraine
Since 1992 the EBRD has invested €22.9bn in Ukraine in over 660 projects. During the war it plans about €1.5bn a year, rising to up to €3bn once reconstruction begins. Instruments: direct loans to companies and municipalities, guarantees and risk sharing via Ukrainian banks, energy and food security support.
5. IFC: Economic Resilience Action programme
Since the full-scale invasion IFC has channelled about $2.7bn to Ukraine's private sector. Priorities: agriculture, finance and banking, tech, trade, transport, SMEs. Instruments: risk sharing with banks, guarantees, working capital, CAPEX finance, equity and PPP advisory.
How we help
We assess project readiness, choose the right instrument, prepare the business plan, financial model and bank-compliant documents, and support negotiations and signing. More on financing or send us a request.
Overview based on presentations by the financial institutions as of October 2026. Terms may change; final parameters are set by each institution.
