EBRD proposes to lend USD 20 million to International Mortgage Bank, Ukraine (“IMB Ukraine” or the “Company”) a specialised financial institution operating in consumer finance and mortgage lending in Ukraine.
The project aims to support the expansion of a pure-player specialised mortgage and consumer finance institution in Ukraine. The Loan will provide the Company with a stable, longer term funding source to grow its business on a sustainable basis.
The proposed transaction will enhance competition and innovation in the nascent consumer finance market in Ukraine.
The proposed project will promote financial sector intermediation in an industry characterized by a low level of development and with very high growth potential.
The Project is expected to support through policy dialogue changes in the legal framework for the consumer finance industry, such as the establishment of a country-wide credit bureau, as well as at a later stage support the development of capital markets through potential securitisation.
International Mortgage Bank is a specialised financial institution incorporated in Ukraine and operating a nationwide mortgage and consumer finance platform.
Term Loan of USD 20 million (EUR 15 million).
USD 20 million (EUR 15 million).
IMB Ukraine will be required to adopt and implement the EBRD's Environmental Procedures for Financial Institutions which includes adherence to EBRD’s Environmental Exclusion and Referral Lists, compliance with the applicable national environmental, health and safety and labour requirements, and regular submit an Environmental Report to EBRD.
Todd Esposito, Chief Financial Officer
c/o International Mortgage Bank
13 Pimonenka Street
Building 4a, 2nd floor
Tel: +38 044 492 9092
Fax: +38 044 492 9099
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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