PrivatBank and IFC sign letter of intent for potential programme of up to €125 million

PrivatBank and the International Finance Corporation (IFC) signed a letter of intent at ReBuild Ukraine 2026 in Warsaw on 13 November 2026. The bank’s primary announcement says the proposed portfolio of eligible loans and other instruments could total up to €125 million.

Under the stated parameters, IFC could cover up to 50% of credit risk, capped at €62.5 million. The facility is described as unfunded risk sharing: it would share part of the bank’s risk rather than transfer €125 million directly to Ukrainian businesses.

According to the bank, the potential programme would target micro, small and medium-sized enterprises as well as larger companies in Ukraine. Priorities include renewable energy, energy efficiency and climate-oriented agriculture, alongside war-affected businesses and firms owned by or employing veterans, internally displaced people, women and young people.

Interfax-Ukraine independently published the announcement and attributed the information to PrivatBank’s press service. It therefore confirms the public disclosure, not the execution of a final agreement, the launch of the programme or any disbursement.

What this changes

Editorial assessment: if a definitive agreement follows, an unfunded risk-sharing facility could lower the bank’s exposure on part of a new lending portfolio and support longer-term investment finance. As of 13 November, it remains a prospective financing channel, not an already available allocation.

What remains unknown

The parties have not disclosed a launch date, final eligibility rules, tenor, pricing, application process, definitive legal terms or any disbursements. This proposal should not be conflated with the separate IFC–PrivatBank mechanisms launched in September 2025: a $100 million risk-sharing facility and a $20 million trade-finance guarantee mechanism (IFC, 8 September 2025).