Translated version of this PSD: Ukrainian
A facility under the Trade Facilitation Programme (TFP) for PJSC "Ukrgasbank" ("UGB"), Ukraine.
The project will provide support for international and intra-regional trade development in Ukraine. It will be channelled through one of the largest banks in Ukraine to broaden access of companies to
trade finance instruments and expand the range of available trade finance products. The project will increase UGB's competitiveness and future investment value through improved business diversity
and implementation of good business practices and standards.
The TFP facility will support the trade finance business of UGB by providing longer tenors than available from commercial banks, help increase intra-regional trade and broaden trade links within and beyond the EBRD countries of operations. UGB will benefit from the EBRD trade finance capacity development projects and access to the trade finance professionals network. The project will help UGB to offer a broader variety of products (e.g. guarantees, factoring services) and transfer know-how to advance the bank's trade finance skills, monitoring of operational risks in trade finance, such as prevention of fraud, compliance and structuring of trade finance deals.
UKRGASBANK PJSC JSB
UGB is a nearly 99% state owned universal bank in Ukraine operating a country-wide network of nearly 250 branches with over 4,000 employees servicing around 1.4 million individuals and over 63
thousand corporate customers as well as small and medium-sized enterprises. It is the fourth largest bank in Ukraine by asset size with a 6.2% market share.
Environmental and Social Summary
Categorised FI (ESP 2014): Ukrgasbank will be required to comply with PRs 2, 4 & 9, and further, implement and comply with the EBRD's Environmental & Social (E&S) Procedures for Trade Finance. Ukrgasbank will also be required to submit annual environmental and social reports to the Bank utilising the on-line Sustainability Index.
Company Contact Information
For business opportunities or procurement, contact the client company.
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