The EBRD is considering participation in the UAH 120 million capital increase of PJSC Megabank. The operation will strengthen Megabank's ability to respond to the challenges presented by the difficult economic and financial conditions facing the country.
The expected transition impact of the project
comes from a successful stabilisation and strengthening of a regional bank and
continued support and encouragement of MSME lending in the country.
PJSC Megabank (the “bank”, “MGB”) is a
medium-sized (ranked 35) regional Ukrainian bank based in Kharkiv with leading position in eastern Ukraine,
specialising in MSME and agri-lending and utilities payments processing... The
bank is owned by a local shareholder - Mr. Subotin (60.15%), EBRD (15%, since
2009), KfW (15% since 2009), IFC (6.02%, since 2010) and other minority
Participation in the capital increase (EBRD’s
part UAH 18 million)
Total capital increase is of UAH 120 million.
Screened FI. Megabank is an existing client.
Under this capital increase the bank
will continue to comply with Policy Requirements 2 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 EBRD.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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