Credit Agricole Ukraine signed a €100 million risk sharing agreement with IFC

July 11, 2025, Credit Agricole Ukraine signed a €100 million risk-sharing facility (RSF) agreement with IFC to expand lending to mid-sized and larger corporates (midcaps) across various sectors such as agribusiness, manufacturing, energy, and logistics and support Ukraine’s energy security. Approximately thirty percent of the financing is expected to finance small-scale renewable energy generation, climate smart agriculture and energy efficiency projects. IFC’s maximum risk amount is up to €50 million.

Supported by contributions from the Government of France and the United Kingdom’s Foreign, Commonwealth & Development Office, the initiative is part of IFC’s broader RSF program, which aims to enable over $1 billion in financing for smaller businesses and midcaps and to support employment. It is part of the World Bank Group Guarantee Platform.

The agreement was signed by Carlos de Cordoue, Chairman of the Management Board of Credit Agricole Ukraine, IFC was represented by Alfonso Garcia Mora, IFC’s Regional Vice President for Europe, Latin America, and the Caribbean. Michel Le Masson, Head of International Banking Development division of Credit Agricole S. A was also present. The project is a part of IFC’s Economic Resilience Action program for Ukraine.

"This partnership reaffirms our strong commitment to backing Ukraine’s private sector in these challenging times. It aims to help businesses secure the financing they need to rebuild, innovate, create jobs, and strengthen the country’s economic resilience," said Alfonso Garcia Mora, IFC’s Regional Vice President for Europe, Latin America, and the Caribbean. “The project aligns with IFC’s strategy to support sustainable development, energy security, and lasting growth in Ukraine.”

Credit Agricole was one among the first international bank to establish a presence in Ukraine following independence in the early 1990s and recently marked 32 years in the country. As Ukrainian businesses adapt to new realities in war time and focus on rebuilding, the bank has seen a significant increase in demand for financing energy generation projects. Many of these initiatives are aimed at helping agribusinesses enhance their energy independence and reduce reliance on the national power grid.

“Our contribution to the energy sector is a step towards recovery of Ukraine, which is one of our priorities. Last year, our bank financed around 10% of all new power-generating facilities in Ukraine. We support energy independence and promote sustainable consumption among our customers according to our ESG strategy. We believe that it will help Ukrainian companies, in particular agribusiness to achieve the highest international standards of production by saving energy and resources and reducing carbon footprint. Together with our long term strategic partner - IFC we offer our business clients the opportunity to benefit from our common loan program”, said Carlos de Cordoue, Chairman of the Management Board of Credit Agricole Ukraine.

About Credit Agricole Ukraine

Headquartered in Kyiv, Credit Agricole Ukraine is one of the largest privately-owned banks in Ukraine, providing a wide range of banking services to its corporate, SME, and retail clients. With total assets of nearly $2.8 billion, Credit Agricole Ukraine is among TOP 10 largest banks in the country according to the NBU data and operates a network of 137 branches, and serves 380,000 clients. The bank was recognized as the best financial institution in cash management in Ukraine according to the international finance magazine Euromoney 2024. Supporting the global strategy of Crédit Agricole Group, in 2024 Credit Agricole Ukraine launched its own ESG strategy which encompasses all environmental, social and governance factors, including energy efficient practices.

Credit Agricole Ukraine is a wholly owned subsidiary of Credit Agricole SA, a listed bank on the Euronext Paris stock exchange and a member of the Credit Agricole Group (the Group), which is among TOP 10 largest banks in the world by assets according to The Banker 2024 rating and the European leader in bank assurance and asset management. The Group’s operations encompass a wide range of banking and financial services including retail, corporate, and investment banking; asset management; and insurance. For more information visit: https://www.credit-agricole.com/en

About IFC

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.