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.


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