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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Ukraine : € 30,000,000
    Credit lines : € 30,000,000
    Signature date(s)
    30/12/2020 : € 30,000,000

    Summary sheet

    Release date
    4 January 2021
    Status
    Reference
    Signed | 30/12/2020
    20200671
    Project name
    Promoter - financial intermediary
    PRAVEX BANK COVID-19 LOAN FOR SMES AND MID-CAPS
    PRAVEX BANK JSC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The operation aims to finance eligible small and medium-sized investments undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Ukraine.

    The primary objective of the operation is to enhance access to affordable funding for Ukrainian small and medium-sized enterprises as well as mid-caps in order to help them survive the economic consequences of the COVID-19 pandemic.

    Environmental aspects
    Procurement

    The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the EIB's Environmental and Social Standards, as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.

    The Bank will require the intermediary institution to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects that the Bank finances are in accordance with the Bank's Guide to Procurement.

    Under ELM Guarantee

    This operation is covered by the ELM Political Risk Guarantee.

    Disclaimer

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

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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