Original disclosure @ IFC website
Updated in EWS May 9, 2022
Disclosed by Bank Sep 7, 2021
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According to the Bank's website, the project provides funding to the JSC Agroprosperis Bank to finance loans to private-sector small and medium enterprises in the agribusiness sector and rural areas in Ukraine.
The investment is a financing package of up to US$15 million equivalent for AP Bank. It consists of an A loan of up to US$5 million equivalent for IFC’s own account and B loan(s) and/or Hedged A Loan Participation (HALP) of up to US$10 million equivalent to be mobilized by IFC from one or more B lenders. The loans will be of three-year tenor and denominated in either the U.S. Dollar, Euro or local currency.
The Bank is a 100% subsidiary of NCH Agrobusiness Partners II LP, a Ukraine-focused investment fund with investors being mainly the U.S. and British corporations, universities, pension funds, and an international financial institution. None of the investors has management or controlling rights over the fund. The fund is managed by NCH Capital, a private equity firm in New York, managing investments focused on agriculture, primarily in Eastern Europe, with over US$3 billion assets under management. The ultimate owners of NCH Capital are George Rohr and Moris Tabacinic, who founded the firm in 1993 and are still its principals. Messrs. Rohr and Tabacinic are Managers of NAP II GP Limited, General Partners of NCH Agribusiness Associates II, LP and the General Partners of NCH Agribusiness Partners II, LP.
PROJECT CONTACT INFORMATION
Joint Stock Company “Agroprosperis Bank”
Head of Marketing Dept.
+38 044 392 93 73
27-T (letter A), Dehtiarivs’ka Str., Kyiv, Ukraine, 04119
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