RSFMidcaps CAU (IFC-51531)

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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jun 27, 2025
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
Credit Agricole JSC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 56.68 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.
Currency conversion note:
Bank reported 50
Converted using 2025-05-27 exchange rate.
Project Cost (USD)
$ 113.37 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.
Currency conversion note:
Bank reported 100
Converted using 2025-05-27 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 1, 2025

Disclosed by Bank May 27, 2025

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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 proposed Project consists of an unfunded risk sharing facility (RSF) with Credit Agricole Bank JSC (CAU or the Bank), covering a portfolio of up to €100 million of loans, guarantees and other eligible facilities to medium-sized and larger corporates (Midcap) in Ukraine. IFC’s risk participation in the RSF will be up to €50 million, or 50% of the portfolio. It is anticipated that eligible Midcap facilities extended to finance renewable energy and energy efficiency projects (Clean Energy Solutions) will represent approximately 30% of the portfolio, thereby supporting Ukraine’s energy security.The Project is expected to be supported by Blended Finance contributors under the Economic Resilience Action Program (ERA) for Ukraine, as described in the Blended Finance section.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The RSF portfolio will consist of eligible Midcap Facilities, including those for financing Clean Energy Solutions. The expected portfolio to form the RSF will comprise of low to medium environmental and social (E&S) risk investments with potentially limited adverse E&S risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures. The Project has therefore been categorized as FI-2 according to IFC’s Sustainability Policy.

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

Total Project cost is expected to be €100 million with IFC’s maximum risk amount being up to €50 million. 

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.

Headquartered in Kyiv, Credit Agricole Ukraine is one of the largest privately-owned banks in Ukraine, providing a wide range of banking services to its corporate, SME, and retail clients. With total assets of nearly $2.8 billion, Credit Agricole Ukraine is among TOP 10 largest banks in the country according to the NBU data and operates a network of 137 branches and serves 380,000 clients. The bank was recognized as the best financial institution in cash management in Ukraine according to the international finance magazine Euromoney.

Credit Agricole Ukraine is a wholly owned subsidiary of Credit Agricole SA, a listed bank on the Euronext Paris stock exchange and a member of the Credit Agricole Group (the Group), which is among TOP 10 largest banks in the world by assets according to The Banker 2024 rating and the European leader in bank assurance and asset management. The Group’s operations encompass a wide range of banking and financial services including retail, corporate, and investment banking; asset management; and insurance.


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.

Credit Agricole Bank JSC
Vladislav Berezhny
Director of Trade and Structured Finance Department
+38 044 490-14-77
Vladislav.Berezhny@credit-agricole.ua
Pushkinska street, 42/4 Kyiv, Ukraine 01004
https://credit-agricole.ua/

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

How it works

How it works