Ukraine Enterprise Support Facility

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US$ 50 million framework facility for selected Ukrainian banks for the purpose of on-lending to qualifying private sector enterprises, identified in accordance with standard EBRD sub-borrower criteria. The principal objective of the facility is to increase the supply of much-needed term finance for the local private corporate sector. A secondary objective is to strengthen the funding resources of leading banks in the country to enable them to on-lend to their corporate clients. Through implementing the facility, the EBRD will promote a better focus on private sector enterprises and enhance the supply of term finance to the local private sector. A secondary transition benefit is that it will add further competitiveness to the country’s banking system. Clients will comprise leading private sector Ukrainian banks with good existing relationships with the EBRD. They will be clear market leaders with client-focused strategies, highly qualified management and international standards of banking practice. Despite the prominent part played in the facility by Ukrainian banks with foreign ownership, the ultimate beneficiaries of EBRD funds will be Ukrainian enterprises and their employees. In its provision of support for selected banks and their corporate clientele, the programme is fully consistent with the Bank’s financial sector strategy for Ukraine. This project represents a proposal to establish a framework facility of US$ 50 million for medium-term debt financing to qualifying private sector financial institutions in Ukraine. US$ 50 million (€47.8 million) All participating banks will carry out their operations in accordance with the EBRD's Environmental Procedures for Local Banks. In implementing these procedures, the banks will require their borrowers to comply, at a minimum, with national/local health, safety, environmental and public consultation requirements. None.