📋 Tender Overview
Project Number: 49651
Company Name: Raiffeisen Bank JSC
Date SPI Disclosed: Jul 24, 2024
Country: Ukraine
Region: Europe
Environmental Category: FI-2
Status: Pending Approval
Department: CF6E2 - Regional Industry FIG LAC & EUR/FIG EUR2 Pol, Ukr, Mold, S Cauc
Industry: Financial Institutions
Sector: Commercial Banking - General
Project Description
The proposed investment consists of an unfunded risk sharing facility (RSF) with Raiffeisen Bank JSC (Raiffeisen Bank, or the Bank) for a portfolio of up to €150 million (c.US$162 million equivalent) consisting of term loans, guarantees, and other eligible facilities to medium-sized and larger companies (midcaps) in Ukraine. IFC’s risk participation will be up to €50 million (c.US$54 million equivalent), or 33% of the aforementioned midcap loan portfolio (the Project), including the possibility of IFC mobilizing third-party unfunded participation for the facility.
The Project will benefit from a first loss guarantee provided by the Government of France and/or other donors under the Economic Resilience Action (ERA) Program for Ukraine, which will help Raiffeisen Bank to increase access to finance for underserved midcaps in Ukraine.
Total Project Cost and amount and nature of IFC's Investment: Total project cost is expected to be €150 million (c.US$162 million equivalent), including IFC’s investment of up to €50 million (c.US$54 million equivalent).
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
