EESTI UHISPANK DEM 40M LONG TERM CREDIT LINE

Location:

Estonia

Project number:

5029

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

28 Apr 1998

Status:

Completed

PSD disclosed:

06 Mar 1998

Project Description

DM 40 million bank-to-bank loan.
The objective of the project is to provide Eesti Uhispank with long-term financing for on-lending to Estonian private sector companies. Through syndication, the loan seeks to extend the maturity of commercial bank lending to Estonian banks.

Transition Impact

The project will extend the maturity of commercial lending to Estonian banks and will make long-term financing available to private sector Estonian companies.

The Client

Eesti Uhispank is the second-largest bank in Estonia by assets (as of the end of 1997). It is a universal bank serving retail and corporate clients in Estonia and the Baltic states. The bank provides loans, leasing products, trust services and other banking services to clients, which include small and large companies, individuals and government entities.

EBRD Finance

Bank-to-bank loan of DM 40 million (ECU 20 million). At least DM 7.5 million is expected to be syndicated to commercial banks. The loan will have a maturity of seven years.

Project Cost

DM 40 million (ECU 20 million).

Environmental Impact

Eesti Uhispank will follow the EBRD's Environmental Procedures for Local Banks in relation to all sub-loans financed through the credit line. In implementing these procedures, it will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation

None

Company Contact

 

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

Share this page: