Ukreximbank Loan for RE/EE Financing

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

The increase of the EBRD's exposure by EUR 8.6 million ("B Loan" outstanding principal) under the existing A/B senior loan for renewable energy and energy efficiency (RE/EE) financing (the "Loan") in favour of JSC "The State Export-Import Bank of Ukraine" ("Ukreximbank").

The Loan was originally approved by the Board on 19 June 2019 and signed on 16 August 2019 in the total amount of EUR 80 million, out of which EUR 40 million was syndicated and EUR 40 million taken by EBRD.

syndicated and EUR40 million taken by EBRD.

Project ID 50859

Status Cancelled

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

Private

Company Contact Information

Mr. Olexander Shchur, Member of the Board
AShchur@hq.eximb.com
+380 (44) 247-89-19
+380 (44) 247-89-28

Project ID 50859

Status Cancelled

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

27 Jan 2021

Disclosure date

15 May 2019

Project description

syndicated and EUR40 million taken by EBRD.

Transition impact

ETI Score:60

orting long-term "green" investments of private Ukrainian companies, compliant with the best industry standards and the EBRD's requirements in terms of energy generation capacity, carbon emissions, air pollution.

Client information

THE STATE EXPORT-IMPORT BANK OF UKRAINE JSC

JSC "The State Export-Import Bank of Ukraine" ("Ukreximbank") is fully owned by the state and is the third largest bank in Ukraine in terms of assets with a market share of 10 per cent. It specializes in servicing corporate clients, financing international trade, and implementing IFIs' investment facilities, including energy efficiency and export promotion lines. As of May 2019 Ukreximbank along with its head office in Kyiv, had 22 regional offices and 39 branches across Ukraine, and 2 representative offices in London and New York.

EBRD Finance Summary

EUR 48,571,428.00

Total project cost

Up to EUR 80,000,000

Environmental & Social Summary

Categorised FI. Ukreximbank is an existing client, complies with the EBRD's Environmental and Social (E&S) requirements and submits regular reporting. For this new transaction, Ukreximbank shall continue to comply with the EBRD's Performance Requirements 2, 4 and 9; implement the EBRD's "Environmental and Social Procedures for Corporate, SME and Micro Lending" and to submit annual environmental and social reports to the Bank. In addition, Ukreximbank will ensure that each sub-loan for a renewable energy project fulfils the EBRD's Eligibility Criteria for Renewable Energy Projects. For small hydro power projects, sub-loans will be assessed, developed, operated and monitored in accordance with the EBRD's Environmental and Social Good Practice Note - Small Hydropower Projects. A written consent of the EBRD will be obtained prior to the approval of sub-loans requiring an Environmental Impact Assessment (EIA) under the national legislation or any 'Category A' project included in Appendix 2 in the EBRD Environmental and Social Policy. Category A subprojects must all also meet the requirements of the EBRD Performance Requirements 1 - 8 and 10 and where possible, Ukreximbank will provide a link on their website to relevant EIAs as per Performance Requirement 9.

Technical Cooperation and Grant Financing

None.

Company Contact Information

Mr. Olexander Shchur, Member of the Board
AShchur@hq.eximb.com
+380 (44) 247-89-19
+380 (44) 247-89-28

PSD last updated

01 Dec 2020

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

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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Ukreximbank Loan for RE/EE Financing

Overview

Company Contact Information

Project description

Transition impact

Client information

EBRD Finance Summary

Total project cost

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)