Ukreximbank SME EE Loan

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The EBRD is considering providing a 5-year senior loan of up to US$ 50 million to JSC Ukreximbank to finance sub-loans for sustainable energy efficiency investments by Ukrainian SMEs. The Project, when approved by the EBRD Board of Directors, will benefit from partial loss cover mechanism funded by the EU NIF, which should provide additional incentive to JSC Ukreximbank to develop targeted lending programmes for the sector, which was severely affected by the crisis. The SME sector in Ukraine suffers from very limited access to credit following the economic crisis of the past two years and is under growing pressure from increasing energy prices. The Project will seek to achieve two main goals: (i) encourage financing of investments for increased energy efficiency and (ii) contribute to the resumption of lending to the SME sector in Ukraine. JSC Ukreximbank is a 100 per cent state-owned bank and is the second largest bank in Ukraine holding 7.7 per cent of total banking assets as of end 2010. Senior loan in the amount of up to US$ 50 million. Up to US$ 50 million. Categorised FI. JSC Ukreximbank will be required to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9) which includes adherence to the EBRD's Environmental and Social Exclusion and Referral Lists and submission of annual environmental and social reports to the EBRD. The consultancy services will be rendered under the existing contract for Ukraine Energy Efficiency Programme (UKEEP2) sponsored by the EU TACIS Programme. The consultant will perform energy auditing services and identify a package of energy efficiency measures to be implemented by the sub-borrowers, review existing investment plans, identifying best measures to pursue and structure investment proposals to obtain financing. Mr. Sergiy Khudiyash Head, IFI Programmes The State Export-Import Bank of Ukraine Phone + 38-044-247-8014