Bank Vostok 3 - Trade Finance
Ukraine | Financial Institutions- Identification Code:
- OP/14/0035
- Total Operation Cost:
- 5.000.000 USD
- Maturity:
- 12 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date5.000.000 USD – 20 Sep 2014
-
BSTDB Signed Amount – Signed Date-5.000.000 USD – 14 Dec 20155.000.000 USD – 10 Dec 2014
-
Status:Cancelled
- Description and Purpose of the Operation:
- The USD 5 million Trade Finance Facility will be utilized by Bank Vostok for the purpose of extending short-term pre-shipment and/or post-shipment export and/or import financing to their customers in Ukraine eligible in accordance with the eligibility criteria agreed with the Bank.
- Countries of Operation:
- Ukraine (100,00%)
- Financial Product:
- Trade Finance
- Sector:
- Financial Institutions
- Domain:
- Private
- Borrower/Client:
- Bank Vostok
- Co-Financers/Participants:
- n/a
- Guarantors/Sponsors:
- n/a
- Developmental and Regional Cooperation Impact:
- The Operation is expected to have modest but favorable economic benefits for the Ukrainian economy, the most relevant being additional tax revenue gains from increased economic activity under the amount provided. In addition, the amount provided will help further enhance benefits such as increases in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy. The regional cooperation element is similarly expected to be modest but favourable. Other BSTDB countries are important trade partners for Ukraine so a portion of exports is likely to go there, while the import financing provided under the facility will be restricted to importation of goods from other BSTDB member countries. Such transactions will have positive, albeit modest, impact on regional cooperation, helping to enhance intra-regional trade.
- Environmental Classification and Impact:
- The Operation has been screened according to Environmental and Social Screening Categories as Category FI. The Borrower will need to develop a basic environmental and social risk assessment procedures/policy. The Loan Agreement will include environmental and social terms and conditions requiring the Borrower to remain compliant at all times with environmental, labor, and health and safety legal requirements in effect in Ukraine; continue to carry out environmental and social assessment of sub-loan of high risks and impacts; observe the BSTDB Environmental and Social Exclusion List; and submit to the Bank annual environmental and social performance reports.
- Operation Leader:
- Financial Institutions II
- E-mail:
- fi2@bstdb.org
As of 31 Mar 2026
