AP Bank (IFC-45736)

Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 8, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
AGROPROSPERIS BANK, PAT
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 9, 2022

Disclosed by Bank Sep 7, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

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. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

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.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

PROJECT CONTACT INFORMATION

Joint Stock Company “Agroprosperis Bank”
Oleksandra Topol
Head of Marketing Dept.
+38 044 392 93 73
otopol@ap-bank.com
27-T (letter A), Dehtiarivs’ka Str., Kyiv, Ukraine, 04119
https://ap-bank.com/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works