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.
ETI score: 60
Supporting 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.
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
Total Project Cost
Up to EUR 80,000,000
Environmental and 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
Company Contact Information
Mr. Olexander Shchur, Member of the Board
+380 (44) 247-89-19
+380 (44) 247-89-28
PSD last updated
01 Dec 2020
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Environmental and Social Policy (ESP)
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More information on the EBRD’s practices in this regard is set out in the ESP.
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Access to Information Policy (AIP)
The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. 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 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; how to submit a Request for review; or contact IPAM via email email@example.com to get guidance and more information on IPAM and how to submit a request.