The European Bank for Reconstruction and Development (EBRD) said on Wednesday it is providing a portfolio risk-sharing facility to Ukraine's state-owned Oschadbank that partially covers credit risks in up to €100 million of newly originated sub-loans by the Ukrainian lender.
The development comes as Oschadbank became the third Ukrainian bank after Ukrgasbank and PrivatBank to join EBRD's Energy Security Support Facility (ESSF) which enables Ukraine's financial sector to boost access to financing for energy security investments.
