RLF - RLG - Ukrsibbank 2025 (UIF P2) (EBRD-56197)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
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
U
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
Mar 18, 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
UKRSIBBANK JSC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Energy
  • Finance
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 16.41 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 15
Converted using 2025-03-18 exchange rate.
Project Cost (USD)
$ 32.82 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 30
Converted using 2025-03-18 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 26, 2025

Disclosed by Bank Mar 26, 2025

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Can you contribute information about this project?
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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.

As stated by the EBRD, the project consists of an unfunded portfolio risk sharing facility in the total amount of EUR 15 million to support up to EUR 30 million of new sub-loans (the "Covered Portfolio") originated by EBRD's existing partner bank UKRSIBBANK JSC.

The Project will include three sub-limits within the Covered Portfolio of: (i) EUR 21 million under the Resilience and Livelihoods Guarantee product (assigned with OpID 56197); (ii) EUR 3 million under the EBRD's Energy Security Support Facility (assigned with OpID 56198) and (iii) EUR 6 million under the EU4Business-EBRD Credit Line with Incentives (assigned with OpID 56199).

Under the Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the sub-limit) to Ukrainian residential borrowers (homeowners, homeowners' associations). Technical assistance under ESSF will strengthen the capacity of UKRSIBBANK and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible residential sub-borrowers will also receive grant support in the form of investment incentives upon the completion of their eligible investment projects.

Under the EU4Business-EBRD Credit Line with Incentives, sub-loans will enable financing of long- term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing the competitiveness of businesses. Eligible sub-borrowers will receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects.

The facility will be used to support lending to Ukrainian companies in the primary and secondary agriculture sectors and other critical industries (such as pharma, food processing, retail, logistics), with a particular focus on MSMEs and the ultimate goal of preserving livelihoods in the country. The facility will also support key sectors vital to the country's energy security, prioritizing homeowners and homeowners' associations investing in projects that improve energy efficiency and resilience in Ukraine.

Technical Cooperation:

TC for the Veteran Reintegration & Human Capital Programme: UKRSIBBANK will benefit from an associated TC component to support its implementation of the recommendations from the NBU Guidance Note for supporting Ukrainian Financial Institutions in becoming more inclusive, safer and more accessible employers and financial services providers.

TC and non-TC under the Energy Security Support Facility: TC will support the Bank with pipeline identification, project structuring, eligibility assessment and sub-project verification, also assisting sub-borrowers with investment projects preparation and implementation. Eligible residential subborrowers will additionally receive investment incentives upon the completion of their eligible investment projects.

TC and non-TC under EU4Business-EBRD Credit Line with IncentivesSME sub-borrowers will benefit from EU-funded technical assistance facilitating implementation and verification of their sub-projects, and investment incentives reducing costs of eligible sub-projects.

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 EBRD categorized the project risk as 'FI'.

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

As stated by the EBRD, UKRSIBBANK is an existing EBRD client and Ukraine's sixth largest bank by assets with 5.4% market share at end-3Q2024. It is a universal bank with focus on corporate lending. Despite the ongoing war, UKRSIBBANK remains operational via 198 branches (out of 203). UKRSIBBANK is part of BNP Paribas Group.


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.

Financial Intermediary - UKRSIBBANK JSC:

Address: 2/12 Andriivska street, Kyiv 04070, Ukraine
Email: fi@ukrsibbank.com
Website: https://ukrsibbank.com/

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html

How it works

How it works