The proposed project is USD 30 million syndicated loan to Kreditprombank under A/B structure. EBRD will retain USD 10 million of direct exposure with the balance to be syndicated to commercial banks. Kreditprom will use the syndicated loan proceeds to extend short- (from B-loan) to medium-term (from A-loan) loans to its private MSE/SME clients in Ukraine.
This will be the first ever syndicated loan arranged by the EBRD for a Ukrainian bank. The maturity of the A-loan is 3 years and B-loan is 18 months. B-loan may be renewable for another 18 months subject to certain conditions. The loan will contribute to expand the commercially viable MSE/SME finance business in Kreditprom and increase competition in economy of Ukraine and enhance further financial intermediation.
Kreditprom is a universal commercial bank and is the 15th largest bank in Ukraine with total assets of USD 683 million and equity of USD 68 million at the end of Q1 2006.
USD 13 million under A-loan. EBRD will retain USD 10 million of syndicated senior loan with the balance to be syndicated to commercial banks.
USD 42 million.
Kreditprom will continue to apply the EBRD’s Environmental Procedures for Local Banks to all commercial lending activities including adherence to the Bank’s Exclusion and Referral List, appointment of a member of senior management with overall responsibility for the implementation of environmental procedures, and submitting annual environmental reports to EBRD.
In the past TC has been received from the following donors: EU, US, and Dutch governments under UMLP II Component of MSE/SME Lending Framework. The funds were used to develop lending operations, train lending staff and for institution building in participating banks, including Kreditprom.
Under the present operation the borrower will continue to receive technical assistance provided by the EU for its MSE lending operations.
Mr.Vasiliy Perepelitsa, Vice-President,
Tel.: +38 044 490 2776
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.