MegaBank - MSME Senior Loan

Location:

Ukraine

Project number:

37843

Business sector:

Depository Credit (banks)

Notice type:

Private

Environmental category:

FI

Target board 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

 

 

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