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
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