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Forumbank SME & Energy Env_Loan

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Forumbank SME & Energy Env_Loan

  •  Reference: 20090704
  •  Release date: 23 November 2009
Promoter – Financial Intermediary

Joint-Stock Commercial Bank FORUM (“FORUM”), headquartered in Kiev (Ukraine).

It is now a well-known, universal bank in Ukraine. Since March 2008 the majority shareholder of FORUM is Commerzbank AG, with 63% share.

Location
Description

A dedicated EIB loan for SMEs as well as small and medium-sized energy and environment projects promoted by mid-caps and public sector entities in Ukraine.

This will be the EIB’s second operation under the SME facility in Ukraine and in the Eastern mandate, following the extension of the mandate to SMEs, decided at the Eastern Partnership Summit on 7 May 2009 and confirmed by the Commission in late August for SMEs in all sectors.

Objectives

Provide access to long-term funds at affordable interest rates for eligible small and medium size projects in the sectors of energy and environment.

Comments
 
Sector(s)
Proposed EIB finance (Approximate amount)

Up to EUR 100 million

Total cost (Approximate amount)

Not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed   -   23/12/2009.


Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).



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