ProCredit Ukraine - Senior MSE Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 39181

Status Complete

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 39181

Status Complete

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

22 Jul 2008

Disclosure date

20 Jun 2008

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

USD 20 million senior loan for on-lending to micro-small and medium enterprises.

Project Cost

USD 20 million for on-lending to MSEs.

Environmental Impact

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.

Technical Cooperation

In the early years of operation, PCBU received approximately EUR 6 million in Technical Assistance No further technical assistance funds are provided.

Company Contact

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

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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