Today MIGA published the following press release:
MIGA extended and increased its coverage of reserves held at Ukraine’s central bank, which will generate up to €396 million of additional lending in the war-torn nation
WASHINGTON, Feb. 05, 2026—The Multilateral Investment Guarantee Agency (MIGA), home of the World Bank Group Guarantee Platform, has extended and increased guarantees to free up capital linked to two banks’ mandatory reserves, enabling them to expand their operations in Ukraine and maintain continuity amid the ongoing war.
The guarantees cover reserves held at the Central Bank of Ukraine against the risk of expropriation. The first guarantee, to ProCredit Bank Ukraine, a part of ProCredit group based in Germany, increases MIGA’s coverage of the reserves from €41 million to €80 million and extends a prior guarantee for one year and one day.
The guarantee to ProCredit can contribute to facilitate up to €171 million in working capital loans to small businesses operating in agriculture, industry, and production.
“By extending and increasing these two guarantees, MIGA reaffirms its strong commitment to supporting the Ukraine banking sector,” said Tsutomu Yamamoto, MIGA Managing Director. “This will strengthen resilience and confidence in the country’s financial system, which remains vulnerable due to ongoing political and economic challenges.”
Russia’s invasion of Ukraine continues to severely impact Ukraine’s economy. Despite their vital role in delivering essential goods, services, and supporting reconstruction, businesses in the country continue to face lending constraints. The MIGA guarantee extensions are designed to alleviate such constraints.
MIGA has been supporting Ukraine’s economy with capital optimization guarantees since 2015 and stepped up its support in 2022 after the invasion, which caused a severe contraction of GDP of nearly 29 percent.
“The expanded guarantee not only reaffirms international support but also provides a clear operational benefit,” said Hubert Spechtenhauser, Chair of the Management Board of ProCredit Holding AG. “By lowering the risk weight of the mandatory reserve at the National Bank of Ukraine, it releases capital that can be deployed for client-related activities. This strengthens our capacity to serve our clients now and to support the country’s longer-term reconstruction.”
About ProCredit Holding AG
ProCredit Holding AG, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for micro, small and medium enterprises (MSMEs) as well as private individuals, fostering economic, ecological and social development. In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The main shareholders of ProCredit Holding AG include Zeitinger Invest GmbH, KfW, the Dutch DOEN Participaties BV, the European Bank for Reconstruction and Development and ProCredit Staff Invest GmbH & Co. KG. As the group’s superordinated company according to the German Banking Act and as the parent financial holding company of the ProCredit financial holding group, ProCredit Holding AG is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank.
For additional information, visit: https://www.procredit-holding.com/
Forward-looking statements
This press release contains statements relating to future business development and/or future financial performance and/or future actions and/or developments affecting ProCredit Holding (forward-looking statements). Such forward-looking statements are based on the Management of ProCredit Holding’s current expectations and specific assumptions, which are partly beyond the control of ProCredit Holding. The forward-looking statements are therefore subject to a multitude of uncertainties. Should one or more of these uncertainties materialise, or should underlying expectations or assumptions prove inapplicable, then the actual conditions (both negative and positive) may differ significantly from those expressed or implied in the forward-looking statement. Beyond mandatory legal requirements, ProCredit Holding does not undertake any obligation to update these forward-looking statements or to correct them.
Contact: In Frankfurt am Main: Petra Vielhaber, petra.vielhaber@procredit-group.com
About the World Bank Group Guarantee Platform
Initiated in 2024, the World Bank Group Guarantee Platform consolidates guarantee products and experts from across the World Bank Group at MIGA. It provides a simplified and comprehensive menu of guarantee solutions, enabling clients to select the instrument that best suits their needs. The platform streamlines processes, removes redundancies, and provides greater accessibility by de-risking investments in developing countries. Its goal is to boost the World Bank Group’s annual guarantee issuance to $20 billion by 2030.
For more information about the guarantee platform, please visit: https://www.worldbank.org/wbgguarantees
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Contact: In Washington: Elizabeth Howton, ehowton@worldbankgroup.org