Project description
and objectives:
|
The proposed financing package will reinforce the long-standing cooperation between EBRD and Raiffeisenbank Aval via provision of Tier II capital and long-term funding in support of the bank’s strong domestic growth and development of residential mortgage lending.
|
Transition impact:
|
The Project will consolidate Raiffeisenbank Aval’s capital base and will promote greater financial intermediation and competition throughout Ukraine and especially in the regions where fewer banks have presence and increase access to financing for micro, small, and medium-sized enterprises – the key client segment of Aval. The mortgage loan will support the development of the Ukrainian mortgage financing sector and foster implementation of best international practices in mortgage lending through the implementation of EBRD Minimum Mortgage Standards.
|
The client:
|
Raiffeisenbank Aval is the second largest bank in Ukraine in terms of assets. The bank is servicing more than 4.3 million of households and about 260 thousand large, medium and small enterprises via 1,200 offices throughout Ukraine. The bank is owned by Raiffeisen International Bank-Holding AG.
|
EBRD finance:
|
1) up to USD 75 million subordinated loan with maturity up to 10 years
2) up to USD 50 million mortgage loan with maturity up to 7 years
|
Total project cost:
|
Up to USD 125 million.
|
Environmental impact:
|
Raiffeisen Aval will implement the EBRD's Environmental Procedures and submit annual environmental reports to the Bank. In implementing the Environmental Procedures, Raiffeisen Aval will assess potential environmental issues associated with its investments, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.
|
Technical
cooperation:
|
For the mortgage loan, the Bank will engage Consultants to assist Raiffeisenbank Aval in upgrading its mortgage lending policies and procedures to meet the Bank’s List of the Minimum Standards and Best Suggested Practices. The TC project will be done under Ukraine Mortgage Framework funded by CIDA as individual call-off.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
Victoria Masna, Director Financial Institutions Division
Tel: +380-44-230-2344
E-mail: Victoria.masna@aval.ua
|
EBRD contact:
|
Alexander Pavlov, Operation Leader: pavlova@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
|
