Project Description
The EBRD is considering providing a 5-year senior loan of up to US$ 50 million to JSC Ukreximbank to finance sub-loans for sustainable energy efficiency investments by Ukrainian SMEs. The Project, when approved by the EBRD Board of Directors, will benefit from partial loss cover mechanism funded by the EU NIF, which should provide additional incentive to JSC Ukreximbank to develop targeted lending programmes for the sector, which was severely affected by the crisis.
Transition Impact
The SME sector in Ukraine suffers from very limited access to credit following the economic crisis of the past two years and is under growing pressure from increasing energy prices. The Project will seek to achieve two main goals:
(i) encourage financing of investments for increased energy efficiency and
(ii) contribute to the resumption of lending to the SME sector in Ukraine.
The Client
JSC Ukreximbank is a 100 per cent state-owned bank and is the second largest bank in Ukraine holding 7.7 per cent of total banking assets as of end 2010.
EBRD Finance
Senior loan in the amount of up to US$ 50 million.
Project Cost
Up to US$ 50 million.
Environmental Impact
Categorised FI. JSC Ukreximbank will be required to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9) which includes adherence to the EBRD's Environmental and Social Exclusion and Referral Lists and submission of annual environmental and social reports to the EBRD.
Technical Cooperation
The consultancy services will be rendered under the existing contract for Ukraine Energy Efficiency Programme (UKEEP2) sponsored by the EU TACIS Programme. The consultant will perform energy auditing services and identify a package of energy efficiency measures to be implemented by the sub-borrowers, review existing investment plans, identifying best measures to pursue and structure investment proposals to obtain financing.
Company Contact
Mr. Sergiy Khudiyash
Head, IFI Programmes
The State Export-Import Bank of Ukraine
Phone + 38-044-247-8014
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
