The EBRD is considering providing a subordinated Tier II loan in the amount of up to USD 100 million to support capitalisation of JSCIB”UkrSibbank”.
The mix of Tier I (provided by the shareholders) and Tier II capital (support from the EBRD) will help to ensure that the bank has the capital cushion to weather the economic downturn in Ukraine.
The Project will support an important financial institution in the country with a large client base. More broadly, it will help in maintaining a functioning banking sector and support a level of financial intermediation and continued lending to the real economy, while also contributing to improve overall market confidence.
JSCIB “UkrSibbank” is the 4th largest bank in Ukraine and a 51% subsidiary of BNP Paribas, a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalisation.
A subordinated Tier II bilateral loan in the amount of up to USD 100 million for 10 years.
The total operation amount is USD 100 million.
JSCIB “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, JSCIB “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.
Institution building technical assistance for the implementation of SME lending is being provided under the “EU/EBRD SME Finance Support to Regional and Large Banks” fund provided by the European Commission.
Mr. Vadym Myroniuk
Managing Director of International Banking
JSCIB “UkrSibbank” (BNP Paribas Group)
2/12 Andriyivska st.,
Kyiv, 04070, Ukraine
For business opportunities or procurement, contact the client company.
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
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.