RLF - RLG - Ukrsibbank 2025 (UIF P2)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

An unfunded portfolio risk sharing facility (the "Project") 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 ("UKRSIBBANK").

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.

Project ID 56197

Status Approved

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Trade Finance Center
fi@ukrsibbank.com
https://ukrsibbank.com/
2/12 Andriivska street, Kyiv 04070, Ukraine

Project ID 56197

Status Approved

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

18 Mar 2025

Disclosure date

26 Mar 2025

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

PSD Translation (Ukrainian) (PDF, 0.23MB)

Project Description

Project Objectives

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.

Transition Impact

ETI score: 70

The Facility will support the Resilient, Inclusive, Green and Competitive TI qualities.

The Resilient quality stems from credit enhancement mechanism provided by EBRD's portfolio risk sharing guarantee, which enables UKRSIBBANK to finance Ukrainian agricultural value chains and other critical industries to preserve food security, as well as preserving energy security in the face of widespread energy shortages across all sectors in Ukraine. It will enhance the resilience of Ukrainian residential sub-borrowers against energy shortages, ensuring the continuity of their economic activities and safeguarding livelihoods. The Inclusive quality stems from providing funding to the Ukrainian businesses affected by the war, aimed at safeguarding their human and organisational capital. The Green quality stems from the intention to scale-up and speed-up GET-eligible investments in renewable energy, energy storage and energy efficiency across all types of consumers. The Project also contributes to the Competitive quality by improving SMEs' technology investments in line with EU standards, enhancing their competitiveness in domestic and export markets.

Client Information

UKRSIBBANK JSC

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).

EBRD Finance Summary

Additionality

Response to the war in Ukraine: the Facility is provided in the extraordinary circumstances of the ongoing war on Ukraine, serving as a significant risk mitigating instrument to enable financing of critical industries.

Technical Cooperation and Grant Financing

Non-TC: The project will benefit from donor support in the form of the first loss risk cover for potential defaulted sub-loans in the Covered Portfolio.

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 Incentives SME 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.

Company Contact Information

Trade Finance Center
fi@ukrsibbank.com
https://ukrsibbank.com/
2/12 Andriivska street, Kyiv 04070, Ukraine

Implementation Summary

PSD Last Updated

26 Mar 2025

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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RLF - RLG - Ukrsibbank 2025 (UIF P2)

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Additionality

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

RLF - RLG - Ukrsibbank 2025 (UIF P2)

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Additionality

Environmental and Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)