Project description
and objectives:
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The proposed project is USD 30 million syndicated loan to Kreditprombank under
A/B structure. EBRD will retain USD 10 million of direct exposure with the
balance to be syndicated to commercial banks. Kreditprom will use the
syndicated loan proceeds to extend short- (from B-loan) to medium-term (from
A-loan) loans to its private MSE/SME clients in Ukraine.
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Transition impact:
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This will be the first ever syndicated loan arranged by the EBRD for a
Ukrainian bank. The maturity of the A-loan is 3 years and B-loan is 18 months.
B-loan may be renewable for another 18 months subject to certain
conditions. The loan will contribute to expand the commercially viable MSE/SME
finance business in Kreditprom and increase competition in economy of Ukraine
and enhance further financial intermediation.
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The client:
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Kreditprom is a universal commercial bank and is the 15th largest bank in
Ukraine with total assets of USD 683 million and equity of USD 68 million at
the end of Q1 2006.
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EBRD finance:
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USD 13 million under A-loan. EBRD will retain USD 10 million of syndicated
senior loan with the balance to be syndicated to commercial banks.
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Total project cost:
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USD 42 million.
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Environmental impact:
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Screened FI.
Kreditprom will continue to apply the EBRD’s Environmental Procedures for
Local Banks to all commercial lending activities including adherence to the
Bank’s Exclusion and Referral List, appointment of a member of senior
management with overall responsibility for the implementation of environmental
procedures, and submitting annual environmental reports to EBRD.
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Technical
cooperation:
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In the past TC has been received from the following donors: EU, US, and Dutch
governments under UMLP II Component of MSE/SME Lending Framework. The funds
were used to develop lending operations, train lending staff and for
institution building in participating banks, including Kreditprom.
Under the present operation the borrower will continue to receive technical
assistance provided by the EU for its MSE lending operations.
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.Vasiliy Perepelitsa, Vice-President,
Tel.: +38 044 490 2776
Email: perepelitsa@kreditprombank.com
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EBRD contact:
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Roman Piven, Operation Leader: pivenr@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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