ProCredit Bank Ukraine Capital Increase

Location:

Ukraine

Project number:

40399

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

21 Apr 2009

Status:

Complete

PSD disclosed:

20 Mar 2009

Project Description

ProCredit Bank Ukraine (PCBU) was established in December 2000, with the support of EBRD to provide financial services to micro and small enterprises (MSEs) in Ukraine. PCBU is now a well established and well managed bank focussed on the small business sector. EBRD has a 20% shareholding in PCBU. EBRD is considering new pro rata participations in forthcoming capital increases. The capital increases will strengthen the capital base of PCBU enabling it to satisfy the capital requirements of the National Bank of Ukraine and will further assist PCBU in maintaining its financing to MSEs in Ukraine.

Transition Impact

The project is expected to have a significant impact on the transition process. ProCredit Bank Ukraine will continue to provide support to MSEs that would otherwise have limited access to formal sector finance. PCBU also supports the development of the financial sector by operating as a best practice institution committed to the principles of complete transparency and strong corporate governance.

The Client

PCBU was established in December 2000 and is part of the international ProCredit Holding group, a network dedicated to developing microfinance banks globally.

PCBU operates through its 71 branches throughout the Ukraine, planning to grow its branch network further.

EBRD Finance

Up to USD 8 million equity investment for participation in capital increases.

Project Cost

Up to USD 40 million.

Environmental Impact

ProCredit Bank Ukraine carries out its operations in accordance with the EBRD's “Environmental Procedures for Micro and Small Loans”. In implementing these procedures, it requires its borrowers to comply, at a minimum, with national/local health, safety, environmental, and public consultation requirements.

Technical Cooperation

In the early years of operation, PCBU received approximately EUR 6 million in Technical Assistance No further technical assistance funds are provided.

Company Contact

Susanne Decker
General Manager
ProCredit Bank Ukraine
Prospekt Peremohy 107a
03115 Kyiv, Ukraine

Phone +38 044 5901020
Fax +38 044 5901001
Email: s.decker@procreditbank.com.ua

 

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

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