Oschadbank
Oschadbank has secured the ability to extend additional credit totaling €50 million to Ukrainian small and medium-sized enterprises (SMEs) thanks to a recent tranche received from the European Bank for Reconstruction and Development (EBRD), with reduced collateral requirements, as announced by Oschadbank’s press service.
The program includes covering up to 50% of the credit risk for new loans.
Loan Conditions
The bank clarified the key terms of the loans:
- Maximum loan amount up to €5 million;
- Target use of funds – financing working capital and investment projects;
- Loan term from 12 to 66 months for fixed assets;
- Interest rates and fees are determined within the framework of the banking product under which the loan is provided.
Oschadbank also highlighted that this initiative falls under the EBRD’s program “Competitiveness and Inclusiveness of SMEs in Eastern Partnership Countries,” supported and financed by the European Union, which may also include cashback incentives of up to 30%.
Eligibility for Cashback
Companies eligible for cashback include those:
- Implementing energy independence programs (loans for solar panels, gas piston power stations);
- Financing the purchase of electric vehicles;
- Investing in other “green” initiatives and energy independence projects;
- Purchasing specific agricultural equipment;
- Enterprises significantly affected by the consequences of war;
- Companies where over 50% of owners are war veterans, with a majority of employees and clients being demobilized defenders of Ukraine and others.
This initiative aims to bolster SMEs and support sustainable economic practices across Ukraine, fostering resilience and growth in key sectors.
