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Kreditprombank Revolving Facility

Ukraine | Financial Institutions

Identification Code:: OP/05/0510
Total Operation Cost:: — USD
Maturity:: 12 months
Operation Status:: BSTDB Approved Amount – Approval Date

10.000.000 USD – 27 Apr 2007
: BSTDB Signed Amount – Signed Date

-10.000.000 USD – 20 Jan 2016

10.000.000 USD – 17 Oct 2007
: Status:
Cancelled
Description and Purpose of the Operation:: BSTDB extends a revolving trade finance facility to OJSC "Kreditprombank" to finance sub- loans made by the Borrower for the purpose of extending short-term pre-shipment and/or post-shipment export and/or import financing to those customers in the Republic of Ukraine who import goods from Member Countries and/or export goods to other Member or non-Member Countries
Countries of Operation:: Ukraine (100,00%)
Financial Product:: Trade Finance
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: OJSC "Kreditprombank" was founded in 1997 under the name Incombank. In September 1999, the Bank changed its name to OJSC "Kreditprombank". With its headquarters in Kyiv and offices all over Ukraine, the bank works with leading Ukrainian enterprises in the sectors of oil and power generation, construction, chemicals, pharmaceuticals, metallurgy, telecommunications, food-processing and retail trade. It also services an increasing number of small and medium-sized enterprises involved in cross-sector activities with Eastern European countries and CIS.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: Support of Kreditprombank’s activities in financing eligible trade transactions is in line with BSTDB's operational objectives. By working with Kreditprombank, BSTDB will be able to reach a larger number of companies in Ukraine and contribute to increasing of intraregional trade among BSEC countries.
Environmental Classification and Impact:: In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities FI shall follow the BSTDB's Negative List of Goods, including the Environmental Exclusion List, and subject domestic legal requirements, as well as make sure that the Beneficiaries fully comply with these requirements. The Borrower shall immediately notify the Bank of occurrence of any incident or accident relating to any underlying export or import transaction of which the Borrower is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.
Operation Leader:: Financial Institutions II
E-mail:: fi2@bstdb.org