IFC and PrivatBank Partner to Scale up Lending to Smaller Businesses, Enhance Import of Critical Goods in Ukraine

IFC and PrivatBank, Ukraine’s largest bank, have launched a $100 million risk-sharing facility (RSF) to expand financing for micro, small, and medium enterprises (MSMEs), as businesses continue to contend with the effects of Russia’s invasion. The instrument will boost lending across various sectors, including agribusiness, manufacturing, and logistics, with a focus on women-owned businesses, to support jobs and economic recovery.

PrivatBank is also joining IFC’s Global Trade Finance Program (GTFP), which helps local banks expand financing for cross-border trade by offering payment risk guarantees and managing payment risks. As part of this partnership, IFC will provide a $20 million trade finance guarantee facility to PrivatBank, enabling the bank to finance more imports and exports, increase partnerships with international banks, and support Ukrainian businesses in reaching new global markets.