Financed ProjectsProcredit Bank Ukraine SME I

Identification Code:

OP/02/0374

Total Operation Cost:

0

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

Credit Line for a microfinance bank for the purpose of providing medium term micro and SME financing

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Procredit Bank of Ukraine was founded in early 2001, The Bank forms part of a global network of 19 banks, which were set up by private and public sector investors to provide financing to micro-and SME customers in developing markets.The Bank's Head office is located in Kiev. At 31/03/2007, the Bank had 54 (2005: 32) branches. The Bank is ranked 39th by assets among Ukrainian banks at end of September 2007.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

Extending of sub-loans to Micro and SMEs for the purpose of capital financing or startup working capital for specific projects or investment programs of manufacturing and service-oriented Micro and SME's or for the creation, modernization expansion of industrial production. Also applicable for the purpose of export and pre-export financing enterprises.

Environmental Classification and Impact (summary):

Procredit Bank of Ukraine is a credible entity in dealing with EH&S issues of its sub-loans . Its well-established environmental policy is supported by a functioning environmental procedure, and is fully integrated in the overall portfolio management. The Borrower is required to: - undertake environmental assessment of the sub-loans with medium and high environmental risk, as well as ensure proper monitoring of these operations; - ensure compliance of the sub-loans with applicable national EH&S requirements; - continue to adhere to the Bank’s Environmental Exclusion List and Negative List of Goods; - submit annual EH&S performance reports

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org