ProCredit Ukraine - Senior MSE Loan

Location:

Ukraine

Project number:

39181

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

22 Jul 2008

Status:

Complete

PSD disclosed:

20 Jun 2008

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. Since its establishment, PCBU had disbursed over 148,000 MSE loans for a total amount of USD 1.0 billion. A new senior loan up to USD 20 million being proposed will further assist PCBU in providing 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 67 branches throughout the Ukraine, planning to grow its branch network further.

EBRD Finance

USD 20 million senior loan for on-lending to micro-small and medium enterprises.

Project Cost

USD 20 million for on-lending to MSEs.

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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