Project description
and objectives:
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The proposed project is medium and long term financing to Raiffeisenbank
Ukraine (RBU) to expand its lending activities to new segments such as SME and
mortgage. The project consists of a USD 10 million SME credit line for
on-lending to local SMEs and a USD 10 million Mortgage credit line to provide
long-term financing for individual sub-borrowers for the purposes of purchase
or renovation of their residences.
The proposed financing will:
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support growth and development of SME sector.
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support growth and development of residential mortgage sector.
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Transition impact:
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Successful implementation of these two projects will support the development
of the local SMEs which usually have limited access to long-term finance and
increase RBU’s mortgage lending operations in the market where this type of
lending is only developing and is restrained by lack of long-term funding.
Working with the RBU EBRD will be able to access and provide the necessary
funding to a wide range of SME clients as well as provide long-term financing
for residential mortgages. The latter will support the growth of mortgage
lending which is relatively new in Ukraine. Ensuring development of
standardised mortgage loan portfolio will help the client to securitize its
mortgage loan portfolio in the future.
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The client:
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Raiffeisenbank Ukraine is the universal commercial bank operating in Ukraine
since 1998 with total assets of USD 851 million and equity of USD 85 million
at the end of 2004.
RBU is a 100% subsidiary of Raiffeisen International Bank Holding AG.
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EBRD finance:
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EBRD financing includes:
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up to USD 10 million SME credit line for on-lending to private SME
sub-borrowers under Ukraine MSE/SME Lending Framework
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up to USD 10 million Mortgage credit line for long-term mortgages of
individual sub-borrowers under Ukraine Mortgage Lending Framework
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Total project cost:
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USD 20 million.
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Environmental impact:
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Screened FI.
RBU will be required to comply with EBRD’s Environmental Procedures for Banks
which require adherence to the Bank’s Environmental Exclusion and Referral
List, compliance with the applicable national environmental, health and safety
requirements and submission of an annual environmental report to the Bank.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mr Igor Frantskevych, Chairman of the Management Board
Phone: +380-44-490-0510
Fax: +380-44-490-0501
E-mail: iuaafri@rbu-kiev.raiffeisen.at
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EBRD contact:
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Svetlana Astakhova, Operation Leader: astakhos@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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