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