Megabank
Sector: Power Transmission • Location: Ukraine
Source: International Finance Corporation (IFC)
The proposed Project consists of an IFC investment in Megabank (or the “Bank”), a leading commercial bank in the Kharkiv region of Ukraine, located in the northeastern part of the country. Megabank is a mid-sized universal commercial bank, ranked 47th in Ukraine in terms of total assets. In addition to offering a full range of banking services, the Bank also provides a unique utility payments se
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed Project consists of an IFC investment in Megabank (or the “Bank”), a leading commercial bank in the Kharkiv region of Ukraine, located in the northeastern part of the country. Megabank is a mid-sized universal commercial bank, ranked 47th in Ukraine in terms of total assets. In addition to offering a full range of banking services, the Bank also provides a unique utility payments service through a system called the Integrated Clearing Center (the “ICC”) which allows households to make a variety of utility and rent payments through the Bank on a single monthly bill. Today the Bank’s ICC system serves 2 million households, representing 15% of the utility payments processing market in Ukraine.IFC’s investment will consist of:- $10 million in 3-year convertible senior loan and - $10 million 7-year subordinated loan. The purpose of the investment is to strengthen the capital and liquidity of the Bank in the face of the current crisis in Ukraine, and to facilitate future growth once the economic situation stabilizes (the “Project”). |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |