EESTI UHISPANK DEM 40M LONG TERM CREDIT LINE

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 5029

Status Complete

Location

Estonia

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 5029

Status Complete

Location

Estonia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

28 Apr 1998

Disclosure date

06 Mar 1998

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

DM 40 million bank-to-bank loan.

The objective of the project is to provide Eesti Uhispank with long-term financing for on-lending to Estonian private sector companies. Through syndication, the loan seeks to extend the maturity of commercial bank lending to Estonian banks.

Transition Impact

The project will extend the maturity of commercial lending to Estonian banks and will make long-term financing available to private sector Estonian companies.

The Client

Eesti Uhispank is the second-largest bank in Estonia by assets (as of the end of 1997). It is a universal bank serving retail and corporate clients in Estonia and the Baltic states. The bank provides loans, leasing products, trust services and other banking services to clients, which include small and large companies, individuals and government entities.

EBRD Finance

Bank-to-bank loan of DM 40 million (ECU 20 million). At least DM 7.5 million is expected to be syndicated to commercial banks. The loan will have a maturity of seven years.

Project Cost

DM 40 million (ECU 20 million).

Environmental Impact

Eesti Uhispank will follow the EBRD's Environmental Procedures for Local Banks in relation to all sub-loans financed through the credit line. In implementing these procedures, it will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation

None

Company Contact

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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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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