Project description
and objectives:
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The proposed Project consists of an A/B structure syndicated loan of up to USD
30 million to Bank Forum (B-Loan to be syndicated), for on-lending to its
private sector business customers.
The facility will support the diversification of Bank Forum’s funding and the
expansion of its SME and privately owned client base in Ukraine.
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Transition impact:
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The project will have a significant transition impact in the following areas:
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help Bank Forum to diversify its funding base and increase maturity of its
borrowings from the commercial loans market
-
support development of the private companies and banking sector in Ukraine by
increasing medium-term financing to the productive sector of the economy
through domestic banks thereby facilitating the strengthening of the domestic
production
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The client:
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Bank Forum is a joint stock company organised under the laws of Ukraine, with
total assets USD 994 million, shareholders’ equity USD 96 million, and profit
USD 3.4 million in H1 2006. The bank has more than 140 branches and banking
outlets all across Ukraine.
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EBRD finance:
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Up to USD 30 million loan with an A/B structure. Up to USD 20 million B-Loan
to be syndicated.
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Total project cost:
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USD 30 million.
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Environmental impact:
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Bank Forum will be required to comply with the EBRD’s Environmental Procedures
for Intermediated Financing through Local Banks, including ensuring compliance
with the applicable national environmental, health, safety and labour
standards and regulations, adherence to the EBRD’s Environmental Exclusion and
Referral List and submission of annual environmental reports 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 Oleksiy Pavlov, Head of International Business
Tel: +38 044 205 3559
Fax: +38044 5810432
E-mail: apavlov@forum.com.ua
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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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