Tascombank concluded a cooperation agreement with the International Finance Corporation (IFC) in Warsaw on 13 November 2026. Under the Global Trade Finance Program (GTFP), the IFC will provide a guarantee facility of up to USD 50 million to support the bank’s clients’ foreign economic activities.
Guarantees and terms of export-import support
The guarantee facility of up to USD 50 million is intended to support the import of equipment and goods on more flexible payment terms. This should help preserve clients’ working capital and enable participation in international tenders.
IFC guarantees will allow international banks to confirm letters of credit and guarantees issued by the bank without requiring cash collateral from the confirming bank.
GTFP mechanism and instruments
The GTFP provides confirming banks with partial or full guarantees that cover the risk of non-performance by issuing banks in emerging markets. The programme applies to instruments such as letters of credit, bills of exchange, promissory notes and other eligible trade finance instruments.
Operations under the programme enable the import and export of essential goods, including:
- fertilisers
- agricultural machinery
- food products
- pharmaceutical products
- medical devices
- energy equipment
- raw materials and manufacturing inputs
Over the past two decades the programme has supported more than 100,000 transactions totalling over USD 141 billion. More information is available on the website.
Executive comments on the partnership
“Our partnership with the International Finance Corporation (IFC) is a major milestone for Tascombank. As a bank with Ukrainian capital, we are proud to deepen cooperation with a leading international financial institution. Above all, this partnership creates practical opportunities for our clients. Ukrainian businesses must be able to compete internationally without being constrained by a lack of financial guarantees or unfavourable payment terms. We aim to help bridge that gap,” said Volodymyr Dubey, Chairman of the Executive Board of Tascombank.
“Access to trade finance helps businesses grow, import essential goods and compete in international markets. By working with partner banks, the IFC enables more companies-especially small and medium-sized enterprises-to obtain the financing needed to trade internationally with confidence. Our partnership with Tascombank will extend this support to an even larger number of Ukrainian companies, helping to create jobs and strengthen the economy,” emphasised Nathalie Luat, Global Director for Trade Finance and Supply Chain Finance at the IFC.
