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Joint Project of Ukraine and the European Investment Bank



            On February 19, 2021, PJSC MTB BANK, the Ministry of Finance of Ukraine and the State Export-Import Bank of Ukraine concluded a tripartite sub-financing agreement under the Project of Ukraine and the European Investment Bank "APEX loan for SMEs and MID-CAPS", which aims to expand funding opportunities for the real sector of the economy and support the private sector.

            Small and medium enterprises in Ukraine have flexibility and high adaptability to changes, but it is quite difficult for them to attract financing, even if they have good offers for investors. Timely crediting of such enterprises promotes their development and allows not only to increase their share of the domestic market, but also to work successfully on foreign trading platforms.

            Under the Project, € 400 million in loans are used to finance medium- and long-term investment needs and medium- and long-term working capital of private sector enterprises in Ukraine's economy.

            Lending from the EIB under this Project and the EU Guarantee is possible provided that it meets the requirements of the EIB * in accordance with the terms of the Financing Agreement.

The following private enterprises have the opportunity to take part in the Project:

Type of borrower

Subproject cost

sub-financing amount


Not more than eq. 25.0 million euros

Up to 100% of the subproject cost, but not more than eq. 12.5 million euros


From eq. 25.0 to eq. EUR 50.0 million

Up to 50% of the cost of the subproject, but not more than eq. 25.0 million euros


Not more than eq. EUR 50.0 million

Up to 50% of the cost of the subproject, but not more than eq. 25.0 million euros

Subprojects can be located on the territory that is under the control of the Government of Ukraine.

Acceptable categories of Sub-loans:

Sub-loans will be used to finance investments related to the development of SMEs, MID-CAPs and EEs and will focus on the development of the local private sector, social and economic infrastructure, including transport, energy, environmental infrastructure, information and communication technologies, mitigation and adaptation. climate change, including for the following purposes:

-    Development, planning and financing costs during the construction phase of a tangible asset;

-   R&D expenses (fees, development costs and gross salaries directly associated with the research, development, and innovation components of the activity);

-   Building up of distribution networks in domestic or other markets (asset and/or trademark acquisition, operational costs and labour costs);

Restrictions on funding under the Project:

By financing purposes:

By types of activity:

            For several years in a row, MTB BANK has been actively developing the financing of small and medium-sized businesses through developed partnership programs. And now the bank's customers will be able to finance in the medium and long term at reduced interest rates.

            Thanks to the participation of the European Investment Bank, the bank's clients will receive financial advantages. MTB BANK will provide financial advantage to the Final Beneficiaries, which will be reflected in a favorable interest rate. Such financial advantage will be at least 25 basis points (0.25% per annum) compared to the annual interest rate that MTB BANK would apply to such loans without the participation of the European Investment Bank.

More information can be obtained by contacting:

Nagorska Olga, phone: +38 044 521 03 82, e-mail:

Iozhytsa Dmytro, phone: +38 098 838 18 17, e-mail:  


The European Investment Bank (EIB) is an international financial institution (IFI) whose shareholders are the member states of the European Union (EU). The bank was established in 1958, in accordance with Article 308 of the Treaty on the Functioning of the European Union. The EIB, together with local financial institutions, is involved in financing programs and investment projects that contribute to the development of the country where they are implemented and to the achievement of EU policy goals.

PJSC MTB BANK has been operating in the financial market of Ukraine since 1993, has more than 50 branches in 12 regions of Ukraine.

 * EIB’s Guide to Procurement - link

EIB’s Environmental and Social Standards - link


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