Financed ProjectsPivdennyi SME

Identification Code:

OP/08/0695

Total Operation Cost:

0

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

Provision of a Bank to Bank Loan to Bank Pivdennyi, Ukraine for SME financing purposes. The proceeds of the Loan shall be used by Bank Pivdennyi exclusively for the purpose of providing SME sub-loans to local borrowers eligible in accordance with criteria agreed with BSTDB.

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Bank Pivdennyi is established in 1993 and offers a range of banking services to corporate and retail customers through a network of branches, outlets and other offices. Bank Pivdennyi is an existing client of BSTDB since 2007 with a positive credit history and proven track record of prudent and conservative banking practices.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Loan will contribute towards expanding of SME lending program of one of the leading banks in South Ukraine and improving of its liquidity profile. The Loan will represent an excellent mechanism for BSTDB to extend medium term financing to small and medium-sized enterprises in Ukraine and contribute to the further development of the SME sector in Ukraine.

Environmental Classification and Impact (summary):

Bank Pivdennyi is required: 1) to develop, adopt and implemented the basic environmental procedures satisfactory to BSTDB and integrated them as fully as possible into its credit/investment appraisal and monitoring process; 2) not to finance activities specified in the BSTDB's Negative List of products, including Environmental Exclusion List; 3) to make sure the sub-projects comply, at a minimum, with the environmental regulations and standards in effect in Ukraine; and 4) to submit to the Bank annual EH&S performance reports.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org