The EBRD is considering subscription to new ordinary shares of JSC “UkrSibbank”, Ukraine (part of BNP Paribas Group) by participating in its capital increase on a proportional basis.
The investment is a follow-on from EBRD’s investment in UkrSibbank’s equity in 2010 and will support the bank’s capitalisation and facilitate implementation of UkrSibbank’s development strategy.
Through the Project, the EBRD will continue supporting one of the largest privately owned commercial banks in Ukraine in partnership with a major international banking group. More broadly, it will help maintaining a functioning banking sector contributing to improve overall market confidence, while also supporting implementation of UkrSibbank’s strategy designed to deliver sustainable development and sound banking in the post-crisis environment.
JSC “UkrSibbank” is the 5th largest bank in Ukraine majority owned by BNP Paribas, a European leader in banking and financial services, which ranks among the world's top 15 banks by market capitalisation.
Equity investment in the amount up to UAH 204 million (US$ 25.5 million).
Total capital increase in the amount up to UAH 1,360 million (US$ 170 million).
JSC “UkrSibbank” will conduct its business in accordance with the PR2, implement EBRD's Environmental and Social Procedures in accordance with the PR9 and submit annual environmental and social reports to the Bank. In implementing the Environmental and Social Procedures, JSC “UkrSibbank” will adhere to the Environmental and Social Exclusion List and assess potential environmental and social issues associated with its investments, which are required to comply, at a minimum, with local/national health and safety, environmental and labour requirements.
2/12 Andriyivska st., Kyiv 04070, Ukraine
Tel.: +38044 5375009, Fax: +38044 2012260
For business opportunities or procurement, contact the client company.
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