Regional TFP: Ukrgasbank



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

05 Jun 2019



PSD disclosed:

29 Apr 2019

Translated version of this PSD: Ukrainian

Project Description

A facility under the Trade Facilitation Programme (TFP) for PJSC "Ukrgasbank" ("UGB"), Ukraine.

Project Objectives

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.

Transition Impact

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.

Client Information


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.

Technical Cooperation


Company Contact Information

Maya Ganelina
+380 44 594 1163
+380 44 594 1163
16-22, B. Khmelnitskogo Str, Kyiv, 01030, Ukraine

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

Share this page: