Project description
and objectives:
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The proposed project is a senior syndicated loan of USD 75 million to
Kreditprombank under A/B structure. EBRD will retain USD 25 million of direct
exposure with the balance to be syndicated to commercial banks. Kreditprom
will use the syndicated loan proceeds to extend investment, working capital,
trade related and energy efficiency loans to its private clients in Ukraine.
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Transition impact:
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The project will enable to support an active and strong local bank to further
develop its lending business and offer medium-term resources to its clients. .
The maturity of the A-loan is 4 years and B-loan is 24 months. B-loan may be
renewable for another 24 months subject to certain conditions.
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The client:
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Kreditprom is a universal commercial bank and is the 12th largest bank in
Ukraine with total assets of USD 1.4 billion, equity USD 170 million at the
end of 2006 and profit of USD 12 million in 2006. The bank has 12 branches and
111 outlets throughout Ukraine.
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EBRD finance:
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USD 75 million under A/B structure, of which EBRD will retain USD 25 million
with the balance to be syndicated to commercial banks.
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Total project cost:
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USD 75 million.
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Environmental impact:
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Kreditprom is an existing client of EBRD’s and as such is familiar with EBRD’s
environmental requirements. Kreditprom has recently been trained at the EBRD’s
environmental & social risk management workshop and a member of the EBRD’s
Environment Department has conducted an environmental monitoring visit to
Kreditprom in May 2006. 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 and submission
of 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 Governments of Sweden and Austria for its
energy-efficiency 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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