Target board date:
19 Jun 2019
The provision of a 4-year a senior unsecured A/B loan of up to € 80 million in favour of JSC "The State Export-Import Bank of Ukraine" ("Ukreximbank") to support renewable energy and energy efficiency private investments in Ukraine. The loan will comprise an "A Loan" portion of up to € 40 million for the EBRD's own account, and a "B Loan" portion of up to € 40 million for the account of participants.
Supporting long-term "green" investments of private Ukrainian companies, compliant with the best industry standards and the EBRD's requirements in terms of energy generation capacity, carbon emissions, air pollution.
THE STATE EXPORT-IMPORT BANK OF UKRAINE JSC
JSC "The State Export-Import Bank of Ukraine" ("Ukreximbank") is fully owned by the state and is the third largest bank in Ukraine in terms of assets with a market share of 12 per cent. As of May 2019 Ukreximbank along with its head office in Kyiv, had 22 regional offices and 39 branches across Ukraine, and 2 representative offices in London and New York. The bank's customer is represented by over 36,700 legal entities and over 650,000 individual clients.
EBRD Finance Summary
Total Project Cost
Up to EUR 80,000,000
Environmental and Social Summary
Categorised FI. Ukreximbank is an existing client, complies with the EBRD#s Environmental and Social (E&S) requirements and submits regular reporting. For this new transaction, Ukreximbank shall continue to comply with the EBRD#s Performance Requirements 2, 4 and 9; implement the EBRD#s "Environmental and Social Procedures for Corporate, SME and Micro Lending" and to submit annual environmental and social reports to the Bank. In addition, Ukreximbank will ensure that each sub-loan for a renewable energy project fulfils the EBRD#s Eligibility Criteria for Renewable Energy Projects. For small hydro power projects, sub-loans will be assessed, developed, operated and monitored in accordance with the EBRD#s Environmental and Social Good Practice Note - Small Hydropower Projects. A written consent of the EBRD will be obtained prior to the approval of subloans requiring an Environmental Impact Assessment (EIA) under the national legislation or any #Category A# project included in Appendix 2 in the EBRD Environmental and Social Policy. Category A subprojects must all also meet the requirements of the EBRD Performance Requirements 1 - 8 and 10 and where possible, Ukreximbank will provide a link on their website to relevant EIAs as per Performance Requirement 9.
Company Contact Information
Mr. Olexander Shchur, Member of the Board
+380 (44) 247-89-19
+380 (44) 247-89-28
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