MegaBank - MSME Senior Loan

Location:

Ukraine

Project number:

37843

Business sector:

Depository Credit (banks)

Notice type:

Private

Environmental category:

FI

Approval date:

24 Jul 2007

Status:

Completed

PSD disclosed:

22 Jun 2007

Project Description

The project envisages that the EBRD will provide a long-term senior loan for on-lending to micro, small and medium size enterprises in the East Ukrainian regions.

The EBRD’s senior loan will help MegaBank to implement its development strategy which includes regional expansion and the accelerated development of small and medium enterprise lending.

Transition Impact

The proposed transaction will provide long-term funding to MegaBank for the development of its micro, small and medium size enterprise lending. The transaction will therefore promote the availability of financial services to micro, small and medium size enterprises in Kharkiv and in the regions where MegaBank operates and will operate in the near future.

The Client

MegaBank is a Kharkiv-based Russian bank with headquarters and several branches in Kharkiv and over 150 branches and offices in Ukrainian regions.

EBRD Finance

The EBRD will provide a long-term senior loan for on-lending to regional micro, small and medium size enterprises.

Project Cost

USD 20 million.

Environmental Impact

MegaBank will be required to apply EBRD’s Environmental Procedures for Local Banks to all commercial lending activities and to submit annual environmental reports to the Bank.

Technical Cooperation

None.

Company Contact

Vyacheslav Ryuitn, Deputy Chairman of the Management Board
MegaBank
30, Artyoma Street, Kharkiv 61002, Ukraine

Phone: +380 57 714 06 63
Fax: +380 57 703 21 43

E-mail: ryt@megabank.net

 

 

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

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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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