Project description
and objectives:
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ProCredit Bank Ukraine (PCBU) was established in December 2000, with the support of EBRD to provide financial services to micro and small enterprises (MSEs) in Ukraine. Since its establishment, PCBU had disbursed over 148,000 MSE loans for a total amount of USD 1.0 billion. A new senior loan up to USD 20 million being proposed will further assist PCBU in providing financing to MSEs in Ukraine.
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Transition impact:
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The project is expected to have a significant impact on the transition process. ProCredit Bank Ukraine will continue to provide support to MSEs that would otherwise have limited access to formal sector finance. PCBU also supports the development of the financial sector by operating as a best practice institution committed to the principles of complete transparency and strong corporate governance.
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The client:
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PCBU was established in December 2000 and is part of the international ProCredit Holding group, a network dedicated to developing microfinance banks globally.
PCBU operates through its 67 branches throughout the Ukraine, planning to grow its branch network further.
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EBRD finance:
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USD 20 million senior loan for on-lending to micro-small and medium enterprises.
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Total project cost:
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USD 20 million for on-lending to MSEs.
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Environmental impact:
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ProCredit Bank Ukraine carries out its operations in accordance with the EBRD's “Environmental Procedures for Micro and Small Loans”. In implementing these procedures, it requires its borrowers to comply, at a minimum, with national/local health, safety, environmental, and public consultation requirements.
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Technical
cooperation:
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In the early years of operation, PCBU received approximately EUR 6 million in Technical Assistance No further technical assistance funds are provided.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Susanne Decker
General Manager
ProCredit Bank Ukraine
Prospekt Peremohy 107a
03115 Kyiv, Ukraine
Phone +38 044 5901020
Fax +38 044 5901001
Email: s.decker@procreditbank.com.ua
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EBRD contact:
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Tony Myron, Operation Leader: myront@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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