Project description
and objectives:
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The proposed project envisages provision of term financing to Delta Bank, Ukraine (“Delta” or the “Company”), a specialised consumer finance company operating in Ukraine.
The transaction aims to support the expansion of a 100% local owned consumer finance institution in Ukraine. The Loan will provide the Company with a stable, longer term funding source to grow its business on a sustainable basis and promote competition in the consumer finance segment in Ukraine.
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Transition impact:
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The proposed transaction will:
- Increase the competition in the consumer finance sector in Ukraine by supporting an early-stage locally-owned specialised banking institution in Ukraine.
- Increase financial sector intermediation in an industry characterized by a low level of development and with very high growth potential.
- With additional funding, Delta Bank will be able to achieve a broader regional outreach, thus making consumer finance available to a larger number of families. At present consumer finance is available predominantly in large metropolitan areas.
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The client:
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Delta Bank is a specialised financial institution incorporated in Ukraine operating a nationwide consumer finance platform.
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EBRD finance:
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Term loan of USD 20 million.
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Total project cost:
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USD 20 million.
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Environmental impact:
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The EBRD does not require any specific environmental procedures for the consumer lending as it considers there to be limited associated environmental, health, safety and social risks, if any. Delta Bank and its lending activities shall comply with Ukrainian national environmental, health, safety and labour regulations and standards as well as with the Core Labour Conventions of the International Labour Organisation related to child and forced labour and discrimination at work.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Delta Bank
36 b Schorsa Street
Kiev 01133, Ukraine
Tel.: + 380 44 391 51 35
Fax: + 380 44 391 51 11
E-mail: info@deltabank.com.ua
Website: www.deltabank.com.ua
Oleksiy Sukovaty
Deputy Head, Financial Institutions and Debt Origination Treasury
Tel.: +38 044 391 51 35
E-mail: o.sukovaty@deltabank.com.ua
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EBRD contact:
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Andreea Moraru, Operation Leader: morarua@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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