EVA secures USD 3.6M loan support from EBRD, UKRSIBBANK for supply chain improvements
This support is seen as a vote of confidence in EVA’s ability to grow and adapt.
UKRAINE – The European Bank for Reconstruction and Development (EBRD) and UKRSIBBANK have partnered to support Ukrainian health and beauty retailer EVA (RUSH LLC) with an unfunded risk-sharing guarantee of UAH 150 million(USD 3.6 million).
This guarantee covers half of a loan provided by UKRSIBBANK to EVA, specifically aimed at upgrading its logistics infrastructure, underscoring the resilience and strategic importance of Ukrainian retail amid ongoing challenges.
The EBRD’s guarantee is designed to mitigate risk for UKRSIBBANK, encouraging increased lending to Ukrainian businesses during wartime.
The loan will be used to modernize EVA’s logistics hubs, including its e-commerce distribution centers, which have previously seen upgrades in Brovary and Lviv, boosting order capacity and operational efficiency.
EVA, ranked among Ukraine’s top 100 companies, has been recognized for its financial stability and compliance with stringent international lending standards, marking this transaction as a milestone in its growth trajectory.
The upgraded logistics hubs will allow EVA to handle increased order volumes, with recent projects enabling up to 20,000 orders per day and improving packaging and inspection productivity by over 60%.
EVA’s logistics network currently spans 120,000 square meters, with further expansion underway, including the development of innovative logistics complexes such as WinHub, which will cover a million square meters of Class A warehouse space across Ukraine.
This support from EBRD and UKRSIBBANK is seen as a vote of confidence in EVA’s ability to grow and adapt, even under wartime conditions, and aligns with broader efforts to strengthen Ukraine’s retail and logistics sectors.
The EBRD’s guarantee facility is part of a larger €30 million (USD 34.5 million) program with UKRSIBBANK, targeting critical industries such as agribusiness, manufacturing, pharmaceuticals, and logistics, with up to 20% of subloans supporting MSMEs in upgrading technology to EU standards.
Eligible borrowers, including EVA, may also receive technical assistance and grant support funded by the EBRD Crisis Response Special Fund, further enhancing their operational resilience and competitiveness.
This transaction highlights the crucial role of international financial institutions and local banks in supporting Ukrainian businesses to upgrade infrastructure and sustain growth in challenging times.
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