Project summary document

Project description
and objectives:

Board review dates

Framework:12 January 1999
First Extension to the Programme: 31 May 2000
Second Extension: 12 December 2000
Third Extension: 23 October 2001
Fourth extension: 28 May 2002
Fifth extension: 2 March 2004
Sixth extension: 7 February 2006
Seventh extension: 2 April 2007
Eighth extension: 12 May 2008
Ninth extension: 24 February 2009

Framework operation providing for

(i) the issuance of EBRD guarantees in favour of international and regional banks to cover letters of credit, guarantees and other trade finance instruments issued by participating banks in Central and Eastern Europe and the CIS, and

(ii) short-term loans to participating banks and factoring companies to fund their trade finance sub-loans to local exporters, importers, sellers and distributors of imported goods.

The programme aims to support foreign trade with and within the EBRD’s countries of operations and and to provide liquidity to the trade system.
The Trade Facilitation Programme (TFP) framework facility was approved by the Board on 12 January 1999 for a period of 2 years. Board approval to broaden the scope of the facility was provided on 31 May 2000 and an increase in the overall exposure limit was approved on a no-objection basis on 10 November 2000. There were further approvals to increase the overall limit to €250 million in December 2000, €300 million in October 2001, €400 million in May 2002, €600 million in March 2004 and €800 million in February 2006. In May 2008 the maturity for the period of operation of the programme was extended to end of June 2009.

The Bank is now considering an extension of the period of operation of the programme to end of June 2011 and increase of the programme limit from €800 million to €1.5 billion.

Sub-projects:

• Regional TFP : Komercijalna Banka
• Regional TFP: Bank of Georgia (Guarantee & Pre-export)
• Regional TFP: Stopanska Banka
• Regional TFP: Victoria Bank guarantees and pre-export
• Regional TFP: Bank Turan Alem (Guarantee & Pre-export)
• Regional TFP: International Bank of Azerbaijan
• Regional TFP: TBC Bank (guarantee & pre-export)
• Regional TFP: United Bulgarian Bank
• Regional TFP: Vneshtorgbank (Guarantee & Pre-export)
• Regional TFP: Moldova-Agroindbank
• Regional TFP: Nord/LB Lietuva (formerly LZUB)
• Regional TFP: ATFBank (Guarantee & Pre-export)
• Regional TFP: MICB
• Regional TFP: Intesa Sanpaolo Banka dd
• Regional TFP: Raiffeisen Bank d.d.BiH (former Market)
• Regional TFP: Priorbank Guarantees and Pre-Export
• Regional TFP: Belvnesheconombank (BVB)
• Regional TFP: Unionbank
• Regional TFP: Intesa SanPaolo Albania
• Regional TFP: First Ukrainian International Bank (FUIB)
• Regional TFP: IMB- guarantees and pre-export
• Regional TFP: Savings Bank of Russia (Sberbank)
• Regional TFP: Tutunska Banka AD Skopje
• Regional TFP: Demir Kyrgyz International Bank (DKIB)
• Regional TFP: Kazkommertsbank (Guarantee & Pre-export)
• Regional TFP: Halyk Savings Bank (Guarantee & Pre-export)
• Regional TFP: Export and Credit Bank (ECB)
• Regional TFP: Intesa SanPaolo Albania
• Regional TFP: Ineximbank (Guarantees&Pre-export)
• Regional TFP: VTB Bank Georgia
• Regional TFP: Banca Comerciala Romana SA (BCR)
• Regional TFP: UniCredit Zagrebacka Banka BiH
• Regional TFP: Forum Bank
• Regional TFP: Aval bank (Gtees & cash disb)
• Regional TFP: Nadra bank
• Regional TFP: Banca Transilvania
• Regional TFP: Kyrgyz International and Credit Bank
• Regional TFP: JS Commercial Bank "Kyrgyzstan" (AKB)
• Regional TFP: Euromarket Banka
• Regional TFP: Hypovereinsbank Ukraine (G. & Pre-export)
• Regional TFP: Kredo Bank Ukraina (former WUCB)
• Regional TFP: Raiffaisenbank a.d. (G.& Pre-exp)
• Regional TFP: Tajprombank
• Regional TFP: JSCB OTP Bank, Ukraine
• Regional TFP: Temirbank
• Regional TFP: ProCredit Bank Ukraine
• Regional TFP: Uraltransbank
• Regional TFP: Chelindbank
• Regional TFP: Mobiasbanca (Guarantee & Pre-export)
• Regional TFP: Center-Invest Bank, Rostov(Guar & Pre-export)
• Regional TFP: Absolut Bank
• Regional TFP: UniBank (former MBank)
• Regional TFP: Demirbank
• Regional TFP: Armeconombank
• Regional TFP: Unicredit Bank, Ukraine (formerly Ukrsotsbank)
• Regional TFP: Bank Center Credit (Guarantee&Pre-Export)
• Regional TFP: Export Import Bank of Ukraine (UkrExIm)
• Regional TFP: Belgazprombank
• Regional TFP: Probusinessbank (Guarantee & Pre-Export)
• Regional TFP: Kreditprombank ( Guarantee & Pre-export)
• Regional TFP: Senagat Bank
• Regional TFP: UzJilSberbank
• Regional TFP: NBU (Guarantee & Pre-export)
• Regional TFP: Asaka Bank
• Regional TFP: UzKDB Bank
• Regional TFP: Azerigazbank
• Regional TFP: Bank UralSib (Guarantee & Pre-Export)
• Regional TFP: Anelik Bank
• Regional TFP: ACBA
• Regional TFP: Bank of Baku
• Regional TFP: Promsvyazbank
• Regional TFP: TransCapitalBank
• Regional TFP: Credit Bank of Moscow
• Regional TFP: Rosbank (guarantees and pre-export)
• Regional TFP: NBD
• Regional TFP: Kaspi Bank
• Regional TFP: TSOB Tajikistan
• Regional TFP: Eskhata Bank
• Regional TFP: Yugbank
• Regional TFP: Bank Respublika
• Regional TFP: Banca Sociala
• Regional TFP: MDM Bank (f. URSA)
• Regional TFP: KKB Kyrgyzstan
• Regional TFP: Spurt Bank
• Regional TFP: Alliance Bank, Kazakhstan
• Regional TFP: Investbanka
• Regional TFP: Cacanska Banka
• Regional TFP:Hamkor Bank
• Regional TFP: AccessBank
• Regional TFP: Inecobank CJSC
• Regional TFP: MDM Bank (f. Ursa)
• Regional TFP: Russian Standard Bank (guarantee&pre-export)
• Regional TFP: Agroinvestbank Tajikistan
• Regional TFP: Locko Bank
• Regional TFP: Impexbank
• Regional TFP: Bank Republic (Guarantee & Pre-export)
• Regional TFP Basisbank (Guarantee & Pre-export)
• Regional TFP: Cartu Bank
• Regional TFP : Rodovid Bank
• Regional TFP: Bank of St.Petersburg (BSP)
• REGIONAL TFP: METALS BANKA A.D. NOVI SAD
• Regional TFP: ProCredit Bank Macedonia
• Regional TFP: Komercijalna Banka (KB)
• Regional TFP: Bank Kazansky
• Regional TFP - NLB Prishtina
• Regional TFP Raiffeisen Bank Kosovo
• Regional TFP: XacBank
• Regional TFP: Rabita Bank, Azerbaijan
• Regional TFP: MDM (guarantees and pre-export)
• Regional TFP: Zoos Bank
• Regional TFP: Ararat Bank
• Regional TFP: Privredna Banka
• Regional TFP: Mugan Bank
• Regional TFP: Nikoil Bank
• Regional TFP: KazInvestBank
• Regional TFP: Compania de Factoring IFN SA
• Regional TFP : Khan Bank
• Regioanl TFP Ukrsibbank
• Regional TFP:Master Bank
• Regional TFP: ICICI Bank Eurasia, Moscow
• Regional TFP: ZAO Minsk Transit Bankl
• Regional TFP: MegaBank
• Regional TFP: Belrosbank CJSCJSC
• Regional TFP: RosEvroBank
• Regional TFP: VTB Bank Armenia
• Regional TFP: SKB
• Regional TFP: Privredna Banka Zagreb, Zagreb
• Regional TFP: ATF Bank, Kyrgyzstan
• Regional TFP: Converse Bank
• Regional TFP: Armswissbank
• Regional TFP:Promsvyazbank - Factoring
• Regional TFP: Factoring -State Export Import Bank of Ukraine
• Regional TFP: Bank Vozrozhdenie (V-Bank)
• Regional TFP: BNP Paribas Vostok
• Regional TFP: Parex Bank

Transition impact:

The project has an impact on the transition through:

• institution building within client banks and factoring companies
• demonstrating new ways of financing trade, new products and processes; and
• developing skills in the region.  

The client:

Banks and factoring companies in the EBRD’s countries of operations that are active in trade finance. As of end 2008, 115 banks and factoring companies from 19 countries of operations are accredited. Over 650 foreign and regional banks in 77 countries participate in the Programme as confirming banks.

EBRD finance:

i. EBRD issues guarantees in favour of international and regional banks and factoring companies to cover letters of credit, guarantees and other trade finance instruments, and bid performance and payment guarantees issued by participating banks and factoring companies in central and eastern Europe and the CIS, and

ii. short-term loans to participating banks and factoring companies to fund their trade finance sub-loans to local exporters, importers, sellers and distributors of imported goods.

Foreign commercial banks, private credit risk insurers, export credit agencies and development banks will be invited to co-finance with the EBRD.

Total project cost:

€1.5 billion.

Environmental impact:

Client banks are required to follow the EBRD’s environmental exclusion list and local environmental regulatory requirements.

Technical
cooperation:

TC support for this operation has been provided by the governments of Austria, Canada, Germany, EU, France, Ireland, Italy, Netherlands, Taipei China, Sweden, Switzerland and UK and donor risk sharing funds have been provided by the governments of Austria, Germany, Netherlands, Norway, Switzerland and Taipei China.

For consultant opportunities for projects financed by technical cooperation funds, visit procurement of consultants.

Company contact:

Rudolf Putz
Tel: 0207 338 7776
E-mail: PutzR@ebrd.com

EBRD contact:

Rudolf Putz, Operation Leader: putzr@ebrd.com

Business opportunities:

For business opportunities or procurement, contact the client company.

General enquiries:

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com