Financed ProjectsKreditprombank Revolving Facility

Identification Code:

OP/05/0510

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

BSTDB extends a revolving trade finance facility to OJSC "Kreditprombank" to finance sub- loans made by the Borrower for the purpose of extending short-term pre-shipment and/or post-shipment export and/or import financing to those customers in the Republic of Ukraine who import goods from Member Countries and/or export goods to other Member or non-Member Countries

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

OJSC "Kreditprombank" was founded in 1997 under the name Incombank. In September 1999, the Bank changed its name to OJSC "Kreditprombank". With its headquarters in Kyiv and offices all over Ukraine, the bank works with leading Ukrainian enterprises in the sectors of oil and power generation, construction, chemicals, pharmaceuticals, metallurgy, telecommunications, food-processing and retail trade. It also services an increasing number of small and medium-sized enterprises involved in cross-sector activities with Eastern European countries and CIS.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

Support of Kreditprombank’s activities in financing eligible trade transactions is in line with BSTDB's operational objectives. By working with Kreditprombank, BSTDB will be able to reach a larger number of companies in Ukraine and contribute to increasing of intraregional trade among BSEC countries.

Environmental Classification and Impact (summary):

In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities FI shall follow the BSTDB's Negative List of Goods, including the Environmental Exclusion List, and subject domestic legal requirements, as well as make sure that the Beneficiaries fully comply with these requirements. The Borrower shall immediately notify the Bank of occurrence of any incident or accident relating to any underlying export or import transaction of which the Borrower is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org