OTP Bank Ukraine - Mortgage Credit Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:




PSD disclosed:

19 Apr 2005

Project Description

The proposed project is medium and long term financing to Raiffeisenbank Ukraine (RBU) to expand its lending activities to new segments such as SME and mortgage. The project consists of a USD 10 million SME credit line for on-lending to local SMEs and a USD 10 million Mortgage credit line to provide long-term financing for individual sub-borrowers for the purposes of purchase or renovation of their residences.

The proposed financing will:

  • support growth and development of SME sector.
  • support growth and development of residential mortgage sector.



Transition Impact

Successful implementation of these two projects will support the development of the local SMEs which usually have limited access to long-term finance and increase RBU’s mortgage lending operations in the market where this type of lending is only developing and is restrained by lack of long-term funding.

Working with the RBU EBRD will be able to access and provide the necessary funding to a wide range of SME clients as well as provide long-term financing for residential mortgages. The latter will support the growth of mortgage lending which is relatively new in Ukraine. Ensuring development of standardised mortgage loan portfolio will help the client to securitize its mortgage loan portfolio in the future.


The Client

Raiffeisenbank Ukraine is the universal commercial bank operating in Ukraine since 1998 with total assets of USD 851 million and equity of USD 85 million at the end of 2004.

RBU is a 100% subsidiary of Raiffeisen International Bank Holding AG.


EBRD Finance

EBRD financing includes:

  • up to USD 10 million SME credit line for on-lending to private SME sub-borrowers under Ukraine MSE/SME Lending Framework
  • up to USD 10 million Mortgage credit line for long-term mortgages of individual sub-borrowers under Ukraine Mortgage Lending Framework



Project Cost

USD 20 million.

Environmental Impact

Screened FI.

RBU will be required to comply with EBRD’s Environmental Procedures for Banks which require adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety requirements and submission of an annual environmental report to the Bank.


Technical Cooperation


Company Contact

Mr Igor Frantskevych, Chairman of the Management Board

Phone: +380-44-490-0510
Fax: +380-44-490-0501

E-mail: iuaafri@rbu-kiev.raiffeisen.at



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

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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 (pcm@ebrd.com) 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.

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