Ukrexim Bank Subordinated Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

06 May 2009



PSD disclosed:

03 Apr 2009

Translated version of this PSD: Ukrainian

Project Description

On 28 July 2016 EBRD and JSC State Export-Import Bank of Ukraine (Ukreximbank) completed conversion of the existing US$ 250 million subordinated debt provided by the Bank to Ukreximbank into a US$ 200 million senior loan following a partial prepayment.

Transition Impact

The original subordinated debt was provided in 2009 to support the bank’s capitalisation and promote lending to the real economy. Having fulfilled its purpose in the first years, EBRD’s loan has largely exhausted its Tier II capital boosting capacity due to regulatory amortisation and reduced size of Ukreximbank’s Tier I capital. The conversion will improve(i) medium-term liquidity by evenly spreading the repayment profile and (ii) capital strength by reducing interest expense on the changed maturity and status of the exposure.  The EBRD’s continuing financial commitment to Ukrexim is demonstrated by ensuring a sustainable funding structure for an important systemic bank in Ukraine.

The Client

Joint Stock Company “The State Export-Import Bank of Ukraine” (JSC “Ukreximbank”), fully owned by the State, is the third largest bank in Ukraine in terms of assets with a market share of 12.2 per cent. As of 30 June 2016 JSC “Ukreximbank” had 88 branches and outlets throughout the country and a customer base as of 01 January 2016 was approximately 56,000 businesses and 841,000 individuals.

EBRD Finance

US$ 200 million senior loan with maturity up to 4 years.

Project Cost

US$ 200 million.

Environmental Impact

JSC “Ukreximbank” will continue to implement the EBRD's Environmental Procedures and submit annual environmental reports to the Bank. In implementing the Environmental Procedures, JSC “Ukreximbank” will assess potential environmental issues associated with its investments, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation


Company Contact

Mr. Olexander Shchur
Member of the Board
Tel.: +380 (44) 247-89-19
Fax: +380 (44) 247-89-28

Business opportunities

For business opportunities or procurement, contact the client company.

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General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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