Our projects in Ukraine

Since June 2023, the CEB has approved €813 million in loans and mobilised more than €32 million in grant resources and loan guarantees to address urgent needs in housing, health, support for internally displaced persons (IDPs) and microfinance, while laying the foundations for long-term recovery and social development. A liaison office opened in Kyiv in 2024, further strengthening coordination with national authorities and partners on the ground.

The Bank’s engagement in Ukraine is guided by its Strategic Framework 2023–2027, which foresees a progressive scaling up of operations to support reconstruction, social cohesion and inclusive growth.

Addressing one of the most urgent challenges: housing

As housing is one of the sectors most severely impacted by the war, with millions affected by damaged or destroyed homes, the CEB has made it a central pillar of its engagement in Ukraine.

Its flagship HOME programme provides compensation in the form of housing certificates to households whose homes have been destroyed, enabling beneficiaries to purchase new housing. The programme has already supported around 13 000 families and continues to expand in response to overwhelming demand.

Total CEB financing for HOME: €300 million

In parallel, the Bank has developed complementary housing initiatives, including:

• preferential mortgage schemes for Internally Displaced Persons (IDPs),
• compensation for people from Temporarily Occupied territories,
• preferential housing loans for veterans,
• emergency shelter and rehabilitation support in frontline regions, and
• grant-funded initiatives targeting the most vulnerable households.

This multi-layered approach ensures that support reaches different population groups, from those in immediate need of shelter to those able to rebuild their lives through access to affordable financing.

Total CEB financing for other housing initiatives: €190 million in loans

Restoring health services and strengthening resilience

The war has placed immense strain on Ukraine’s health system, with widespread damage to infrastructure and growing demand for services. The CEB’s first operation in the country focused on restoring essential healthcare through its participation in the Health Enhancement and Life-Saving (HEAL) programme, a significant initiative by the World Bank aimed at improving healthcare services in Ukraine.

This support has already contributed to:

• restoring access to primary healthcare and essential medicines,
• expanding mental health and psychosocial support,
• strengthening rehabilitation services for those affected by the war, and
• rebuilding and modernising health facilities.

Beyond emergency response, the Bank is increasingly supporting longer-term resilience, including mental health services and capacity building for frontline social workers, recognising their critical role in sustaining communities under prolonged stress.

Total CEB financing: €100 million

Supporting internally displaced persons

With millions of Ukrainians displaced by the war, support to IDPs is at the core of the CEB’s operations. A €200 million programme has provided direct assistance to help displaced households meet basic needs, including housing and subsistence.

This intervention has strengthened the government’s capacity to deliver targeted and timely support, while contributing to social stability and economic resilience.

Total CEB financing: €200 million

Reviving local economies through microfinance

In a context where access to finance remains a major constraint, particularly for small businesses, the CEB is expanding its support to Ukrainian micro-enterprises.

Through partnerships with local financial institutions or national development institutions, the Bank is helping entrepreneurs – many of them affected by displacement or operating in fragile regions – access the funding needed to sustain and grow their activities. This contributes to job creation and local economic recovery, while strengthening communities.

Total CEB financing: €23 million

Looking ahead

As social development needs continue to evolve, the CEB is expanding its pipeline of projects and deepening its engagement in Ukraine. Future operations will continue to prioritise vulnerable populations –particularly IDPs – while supporting the country’s transition from emergency response to sustainable recovery.

By combining rapid delivery, targeted social investment, and strong partnerships, the Bank is positioning itself as a long-term partner in Ukraine’s reconstruction and development.

The CEB is also actively exploring opportunities to deepen its relationship with the Ministry of Education. This include the signature of a Joint Statement during the Ukraine Recovery Conference 2026 in Gdansk.