UKRSOTSBANK(UNICREDIT) sub debt (Unicredit Group)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 40284

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 40284

Status Complete

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

06 May 2009

Disclosure date

08 May 2009

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

The EBRD is making investments worth a total of EUR 432.4 million to UniCredit subsidiaries across eight eastern European countries, as part of a joint effort to tackle the impact of the global economic crisis on the region. The aim is to provide medium and long-term debt financing through Unicredit subsidiaries in support of SMEs, lease finance and energy efficiency projects.

The EBRD investments are part of the joint pledge by the EBRD, the World Bank Group and the European Investment Bank (EIB) to provide over EUR 24 billion in support of the banking sectors in the region and to fund lending to businesses hit by the global crisis.

Transition Impact

The EUR 432.4 million investments consist of debt and Tier 2 capital for UniCredit subsidiaries in support of SMEs, lease finance and energy efficiency projects across eight countries.

The SME credit lines will contribute to the transition process by supporting the constrained SME market and maintaining an essential flow of lending to this group of enterprises.

The Energy Efficiency credit line will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency lending.

The Tier 2 capital (to Ukrsotsbank) will strengthen its capital base, while at the same time sustaining lending to enterprises in the country.

The Client

Eleven UniCredit Group subsidiaries in eight countries of EBRD’s region. UniCredit is the largest banking group in the central and eastern European region, with over 4,000 branches in 19 countries. The group has invested around EUR 10 billion of equity in central and eastern Europe and has around EUR 85 billion of total customers’ loans in the region.

EBRD Finance

No	Client	Country	Type of finance	Loan currency	Amnt mln	EUR mln
1	UC Bank Hungary	Hungary	SME	EUR		50.0
2	Bulbank	Bulgaria	SME	EUR		50.0
3	Zagrebacka Banka	Croatia	SME	EUR		50.0
4	UC Bank Serbia	Serbia	SME	EUR		30.0
5	UC Bank Bosnia	Bosnia	SME	EUR		30.0
6	UC Leasing Serbia	Serbia	leasing	EUR		15.0
7	UC Leasing Bosnia	Bosnia	leasing	EUR		15.0
8	UC Leasing Ukraine	Ukraine	leasing	USD	25	19.6
9	ATF	Kazakhstan	SME	USD	70	55.0
10	ATF	Kazakhstan	Energy Efficiency	USD	30	23.6
11	Ukrsotsbank	Ukraine	Tier 2 capital	USD	100	78.5
12	ATF Kyrgyzstan	Kyrgyzstan	SME	USD	20	15.7

	Total :					432.4

Project Cost

A total of EUR 432.4 million.

Environmental Impact

The UniCredit subsidiary borrowers will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans and borrowers will be required to conduct their business in accordance with PR 2. The borrowers will be required to comply with applicable national environmental, health and safety and labour requirements, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the Bank.

Technical Cooperation

None, except for the energy efficiency credit lines where technical assistance is an integral part of the funding.

Company Contact

Michael Schlögl and Massimiliano Sinagra
UniCredit Bank Austria
Member of the UniCredit Group

8323 Group ALM
Julius-Tandler-Platz 3
1090 Wien / 1090 Vienna
Österreich / Austria
Tel. / Phone +43 (0) 50505 82568 or 82055
Fax +43 (0) 50505 82562

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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