📋 Tender Overview
Project Number: 49649
Company Name: Raiffeisen Bank JSC
Date SPI Disclosed: Aug 28, 2024
Country: Ukraine
Region: Europe
Projected Board Date: Aug 30, 2024
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 project consists of an unfunded risk sharing facility (RSF) with Raiffeisen Bank JSC (Raiffeisen Bank, or the Bank) for a portfolio of up to US$50 million consisting of loans, guarantees, and other eligible facilities to small and medium enterprises (SMEs), where IFC’s risk participation will be up to 50% (US$25 million) of the aforementioned SME portfolio (the Project). The objective of the Project is to help the Bank to de-risk and scale up lending to SMEs, particularly to agri-SMEs. The Project is expected to be supported by Blended Finance contributors under the Economic Resilience Action (ERA) Program for Ukraine, as described in the Blended Finance Section.
Total project cost and amount and nature of IFC's Investment: Total project cost is expected to be US$50 million, including IFC’s investment of up to US$25 million.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
