EFSE deepens partnership with ProCredit Bank Ukraine through a EUR 10 million local currency facility for Ukrainian MSMEs

Mostar, 16 September 2026 – The European Fund for Southeast Europe (EFSE) is building on its longstanding partnership with ProCredit Bank Ukraine through a new EUR 10 million facility equivalent in Ukrainian Hryvnia. The financing is designed to expand access to finance for micro, small, and medium-sized enterprises (MSMEs), with a particular focus on agribusinesses affected by the disruption of Ukraine’s seaborne export channels.

The new facility further strengthens a partnership that dates back to 2015. Over the course of this cooperation, EFSE has provided nearly EUR 140 million in financing to ProCredit Bank Ukraine, helping expand access to finance for Ukrainian MSMEs and supporting more than 35,000 jobs across the country.

The local currency financing will help businesses continue investing despite an operating environment marked by uncertainty and disruption. By providing longer-term funding in local currency, the facility aims to support enterprises seeking to modernize operations, strengthen resilience, and pursue growth opportunities while navigating the challenges created by the ongoing war. Particular emphasis will be placed on helping agricultural businesses, which continue to face significant constraints linked to export disruptions and changing market conditions.

The facility is expected to be complemented by a dedicated grant program for selected MSMEs. The combined financing and grant support are designed to improve access to finance for war-affected businesses, including newly established and relocated enterprises, helping them overcome investment barriers and continue contributing to Ukraine’s economic recovery.

"Over the past decade, Ukrainian entrepreneurs have repeatedly demonstrated their ability to adapt, innovate, and persevere in exceptionally challenging circumstances. Access to reliable long-term local currency financing remains essential for businesses seeking to invest in their future rather than simply maintain operations. Through our continued partnership with ProCredit Bank Ukraine, we are helping MSMEs strengthen their competitiveness, continue investing, and contribute to the recovery and resilience of Ukraine’s economy," stressed Jasminka Berget, Portfolio Manager of EFSE at Finance in Motion

Member of the Management Board of ProCredit Bank Ukraine, Аnna Savenya, commented: “For several years now, Ukrainian businesses have been operating in an environment of constant challenges, yet we see that many entrepreneurs are not putting their development plans on hold. They have continued to invest in modernization, energy efficiency, production expansion, and entering new markets. Economic recovery begins with the decisions made by individual entrepreneurs. Through our partnership with EFSE, we are able to provide businesses with access to financing, and this cooperation helps companies recover, implement investment projects, and continue growing today.”

The new agreement reflects EFSE’s continued commitment to supporting Ukraine’s private sector through long-term financing and complementary support mechanisms. By combining local currency lending with targeted grant resources, the partnership seeks to help businesses invest, adapt, and remain economically active despite ongoing challenges. 

About EFSE

An impact investment fund established in 2005, the European Fund for Southeast Europe (EFSE) aims to foster economic development and prosperity in Southeast Europe and the European Eastern Neighborhood Region. EFSE was initiated by KfW Development Bank with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. As the first public-private partnership of its kind, EFSE draws its capital from donor agencies, international financial institutions, and private institutional investors. Finance in Motion Asset Management S.à r.l., serves as EFSE’s Portfolio Manager and Hauck & Aufhäuser Fund Services S.A., Luxembourg, acts as manager.  

For more information on the European Fund for Southeast Europe, please visit: www.efse.lu  

About Finance in Motion

Finance in Motion structures, manages, and advises almost €4 billion across 10 funds, all classified as SFDR Article 9. These private market funds drive impact for people and planet through regional financial intermediaries, direct investments, advisory and capacity building. Founded in Germany, with local expertise from Latin America to Eastern Europe, it has been investing in emerging markets for over 20 years.  

For more information, please visit: www.finance-in-motion-com    
 

About ProCredit Bank 

ProCredit Bank Ukraine is part of the international ProCredit group, headquartered in Frankfurt am Main, Germany. The group’s sole shareholder is ProCredit Holding AG. As a specialised bank focused on small and medium-sized enterprises (SMEs), ProCredit Bank offers a wide range of banking services, combining high-quality customer service with deep expertise in SME financing.

ProCredit Bank is firmly committed to responsible banking, transparency, financial inclusion, and sustainable development. With a particular emphasis on green finance, the bank provides tailor-made financial solutions that enable businesses to grow while contributing to economic resilience and environmental responsibility. In Ukraine, the bank has played a vital role in supporting SMEs through both periods of growth and crisis — especially by fostering investment in agriculture, manufacturing, and renewable energy.

Media Contacts: 

EFSE: Nusha Westhoff 
Director Marketing & Communications 
+49 69 271 035-789 
press@efse.lu

ProCredit Bank: Makovetska Olga 
Senior Public Relations Specialist 
+38 (050) 395 23 11 
Olga.Kalynovska@procredit-group.com