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Ukraine MSME Lending Framework



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

22 Nov 2011



PSD disclosed:

23 Sep 2011

Sub-projects signed under this framework

Translated version of this PSD: Ukrainian

Project Description

The EBRD is continuing its support for the financial sector in Ukraine under the USD 100 mln Micro Small and Medium Enterprises (MSME) framework to the existing and new clients. It will be aimed at increased financing of MSMEs and the development of new loan products, including rural and agri business lending.

Under this framework the local bank PJSC Credit Europe Bank (CEB) will receive USD 10 mln to enhance MSME lending to local borrowers.

The Framework aims to encourage re-start of lending to MSMEs and support recovery of the real economy.

Transition Impact

The transition impact of this project stems from supporting underserved micro, small and medium sized companies during the period of economic recovery in Ukraine. The transition goals are:

1-Encourage re-start of lending to MSMEs and market expansion. It is expected that the project will contribute to enhancing domestic demand through improved access of MSMEs to funding. The Framework will assist local banks to recommence lending operations and provide longer-term funding to enable continuation of financing to private sector.

2-The Framework will contribute to improving the local banks` skills in the area of MSME financing as well as broadening integration of the MSME business line in banks’ operational structure and strengthening of corporate governance, risk management and internal control functions.

3-The Framework will contribute to broadening the product line for MSMEs sub-borrowers, including in agrilending in order to improve private farmers’ access to financing.

The Client

Commercial banks in Ukraine, committed to MSME lending.

PJSC Credit Europe Bank a first pilot bank under the framework is a medium-sized universal commercial bank that currently operates through its head office and its representative offices in 11 regions of Ukraine. CEB plans to continue to develop as a universal financial institution with a particular focus on SME and retail segments.

EBRD Finance

USD 100 mln MSME Lending Framework.

Project Cost

USD 100 million.

Environmental Impact

Categorised FI. All Participating Banks (PBs) under the Ukrainian MSME Framework will be required to comply with the EBRD's Performance Requirements 2 and 9. This involves compliance with EBRD's Environmental and Social Exclusion and Referral Lists; requiring all clients to comply with national regulations and standards on environment, health and safety, labour, social issues and public consultation; and implementation of EBRD's Environmental and Social Procedures for Small and Micro Loans as outlined in the eManual. All new PBs will be required to complete EBRD's Human Resources Due Diligence Questionnaire and E&S Due Diligence Questionnaires and submit those for EBRD's review to establish compliance with PRs 2 and 9.

Credit Europe Bank Ukraine (CEB) is the new Client. The due diligence confirmed that CEB has a well-developed Human Resources policy and will require only a few improvements, such as a grievance mechanism, to meet PR2 requirements. CEB will also need to further develop its internal capacity and its environmental and social policy and procedures to fully meet PR9 requirements.

Environmental and social due diligence training may be provided to new PBs. All PBs will be required to submit annual environmental and social reports to the EBRD.

Technical Cooperation

Banks will benefit from Technical Assistance including the implementation of MSME lending schemes with emphasis, where appropriate, on product diversification (EUR 3.7 million).

Company Contact

Mr. Ilmi Aliyev
Head of Corporate & SME Sales Group
Telephone: +380 44 390 67 33, extension 1480

2, Mechnikova Str.,
01601, Kyiv, 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

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