Phase III - Implementation of Bank Reorganization and Debt Restructuring/Bank Restructuring



TCRS Number:


Business sector:

Financial institutions

Notice type:



TC Com approved

PSD disclosed:

09 May 2016

Project Description

The European Bank for Reconstruction and Development (the “EBRD” or the “Bank”) is engaging a consultant to advise National Bank of Ukraine (“NBU”) on restructuring and resolution proceedings of the country’s ailing financial institutions.

To date NBU has benefitted from TC under Phase I and II which covered development of anti-crisis measures, addressing the capitalization/resolution options of the systemically important banks, start of the activities regarding the preparation of an “out-of-court-debt-restructuring” mechanism and assisted in preparing the amendments to the DGF law.

During Phase III, the Consultant will continue to assist NBU with capitalization, restructuring or resolution plans of problem banks including:

Facilitating decision making process and assisting the Ministry of Finance with the development of a strategy for the Public Asset Resolution Company; Assisting with the development of a Restructuring Strategy for the State Owned Banks;  Reviewing and facilitating the processes of amending, as necessary, the legislation for non-bank financial institutions (“NBFI”) ; Assisting the authorities with the implementation of the “out-of-court-debt-restructuring” legislation after the law is enacted; Helping in formation of the Coordination Secretariat and the Arbitration Council and training their staff; Assisting NBU with restructuring its Supervision and Enforcement functions and assisting NBU with preparation of banks’ financial diagnostics.

A legal expert is to be engaged under a separate Assignment to work with the Consultant in providing legal advice and legal opinions on complex topics and clarifications of the existing law.

Project Objectives

The overarching objective of this assignment is to improve the stability of the Ukrainian financial system.

TC Recipient Information

National Bank of Ukraine.

Project Cost

Total project cost for Phase I, II and III: EUR 652,000

Funding Summary

Phase III is funded by the EBRD-Ukraine Stabilisation and Sustainable Growth Multi-Donor Account, which is supported by Denmark, Finland, France, Germany, Japan, the Netherlands, Sweden, Switzerland, United Kingdom, and the United States

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

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

Access to Information Policy (AIP)

The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form

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 more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.

Share this page: