<div><h2>Project Description</h2><p></p><p>A Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework ("RLF"), in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of up to EUR 100 million equivalent (the "Covered Portfolio") to be originated by Raiffeisen Bank JSC in Ukraine. </p><p>The Project will be delivered in two tranches: (i) committed Tranche A amounting to EUR 60 million of the Covered Portfolio and; (ii) uncommitted Tranche B amounting to EUR 40 million of the Covered Portfolio.</p><p>20% of the RLG is part of the EU4Business-EBRD Credit Line with incentives (this sub-limit assigned with a separate EBRD project number 55246). The EBRD and the EU support investment projects of local small and medium enterprises ("SMEs") across the Eastern Partnership region. The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. The EU and the US complement the offer with incentive grants and technical assistance under its EU4Business initiative.</p><p></p><h2>Project Objectives</h2><p></p><p>The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.</p><p> </p><p></p><h2>Transition Impact</h2><p style="margin-top: -13px;"></p><p>The Facility will support the Resilient, Inclusive and Competitive TI qualities.</p><p>The <em>Resilient</em> quality stems from credit enhancement mechanism provided by the RLG, which will enable Raiffeisen Bank JSC to finance Ukrainian agricultural value chains and other critical industries and to preserve food and energy security, maintain consumption and access to critical goods as a vital step in safeguarding people's livelihoods and to reduce losses due to supply chain disruptions.</p><p>The Facility will also support the <em>Inclusive</em> quality by providing funding to the Ukrainian businesses affected by the war, aimed at safeguarding their human and organisational capital.</p><p>The Facility also contributes to the <em>Competitive</em> quality by improving SME investments in line with EU standards, enhancing their competitiveness in domestic and export markets.</p><p></p><h2>Client Information</h2><p>RAIFFEISEN BANK JSC</p><p style="margin-top: -13px;"></p><p>Raiffeisen Bank JSC is the fourth largest bank in Ukraine and the largest private bank with 6.7% market share by total assets (EUR 4.5B) as of YE2023. The bank has 320 branches and 1,567 ATMs, servicing 2.65 million active clients offering conventional banking products to corporate, SME and retail customers.</p><p></p><h2>EBRD Finance Summary</h2><p style="margin-top: -13px;"></p><p>EUR 50,000,000</p><p></p><h2>Total Project Cost</h2><p style="margin-top: -13px;"></p><p>EUR 100,000,000</p><p></p><h2>Additionality</h2><p></p><p><em>Response to the war in Ukraine:</em> the Facility is provided in the extraordinary circumstances of the ongoing war on Ukraine, serving as a significant risk mitigating instrument to enable financing of critical industries.</p><p> </p><p></p><h2>Environmental and Social Summary</h2><p></p><p>Categorised FI (ESP 2019). Raiffeisen Bank JSC is an existing client of EBRD and performance on environmental and social (E&amp;S) issues to date has been satisfactory. Annual reporting, and previous E&amp;S due diligence, demonstrates that the bank has staff nominated to manage E&amp;S issues, adequate E&amp;S risk management procedures built into the credit appraisal process and appropriate monitoring for E&amp;S issues both within the portfolio and within the institution itself. The management system is applied to the entire commercial lending portfolio. </p><p></p><h2>Technical Cooperation and Grant Financing</h2><p></p><p><em>Non-TC:</em> The project will benefit from donor support in the form of the first loss risk cover for potential defaulted sub-loans in the Covered Portfolio. </p><p><em>TC and non-TC under EU4Business-EBRD Credit Line:</em> SME sub-borrowers will benefit from EU and US funded financial incentives for eligible sub-projects, while the bank will receive technical assistance from dedicated consultants towards investment projects preparation and implementation.</p><p></p><h2>Company Contact Information</h2><p>Ruslan Spivak<br/>ruslan.spivak@raiffeisen.ua<br/>+380 66 222 2943<br/>https://raiffeisen.ua/<br/>4A Generala Almazova,Kyiv, Ukraine 01011<br/></p><h2>Implementation summary</h2><p></p><p><br/></p><p></p><h2>PSD last updated</h2><p>25 Apr 2024</p><div id="docsLinks" style=""><h2>Related material</h2><ul class="relMat"></ul><h3>Framework project</h3><ul><li><a href="https://www.ebrd.com/work-with-us/projects/psd/53662.html">Framework: Resilience and Livelihoods Framework</a><br/><small>Published: 14.04.2022</small></li></ul></div><script type="text/javascript">						var projFinderService = '/project-finder-json?1=1';						var projectId = "55245";					</script><h2>	Understanding Transition</h2><p>	Further information regarding the EBRD’s approach to measuring transition impact is available <a href="https://www.ebrd.com/what-we-do/economic-research-and-data/transition-impact.html">here</a>.</p><h2>	Business opportunities</h2><p>	For business opportunities or procurement, contact the client company.</p><p>	For business opportunities with EBRD (not related to procurement) contact:</p><p>	Tel: +44 20 7338 7168<br/>	Email: <a href="mailto:projectenquiries@ebrd.com">projectenquiries@ebrd.com</a></p><p>	For state-sector projects, visit <a href="https://www.ebrd.com/pages/workingwithus/procurement.shtml">EBRD Procurement</a>:<br/><br/>	Tel: +44 20 7338 6794<br/>	Email: <a href="mailto:procurement@ebrd.com">procurement@ebrd.com</a></p><h2>	General enquiries</h2><p>	Specific enquiries can be made using the <a href="https://www.ebrd.com/eform/information-request">EBRD Enquiries form</a>.</p><h2>	Environmental and Social Policy (ESP)</h2><p>	The <a href="https://www.ebrd.com/news/publications/policies/environmental-and-social-policy-esp.html">ESP</a> and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.</p><p>	More information on the EBRD’s practices in this regard is set out in the <a href="https://www.ebrd.com/news/publications/policies/environmental-and-social-policy-esp.html">ESP</a>.</p><h2>	Integrity and Compliance</h2><p>	The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.</p><p>	OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to <a href="mailto:compliance@ebrd.com">compliance@ebrd.com</a>. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.</p><h2>	Access to Information Policy (AIP)</h2><p>	The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the <a href="https://www.ebrd.com/what-we-do/strategies-and-policies/public-information-policy.html">Access to Information Policy</a> page to find out what information is available from the EBRD website.</p><p>	Specific requests for information can be made using the <a href="https://www.ebrd.com/eform/information-request">EBRD Enquiries form</a>.</p><h2>	Independent Project Accountability Mechanism (IPAM)</h2><p>	If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).</p><p>	IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its <a href="https://www.ebrd.com/news/publications/policies/environmental-and-social-policy-esp.html">Environmental and Social Policy</a> or Project-specific provisions of its <a href="https://www.ebrd.com/what-we-do/strategies-and-policies/access-to-information-policy.html">Access to Information Policy</a>; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.</p><p>	Please visit the <a href="https://www.ebrd.com/project-finance/independent-project-accountability-mechanism.html">Independent Project Accountability Mechanism webpage</a> to find out more about IPAM and its mandate; how to <a href="https://www.ebrd.com/eform/IPAM/Request_form">submit a Request</a> for review; or contact IPAM  via email <a href="mailto:ipam@ebrd.com">ipam@ebrd.com</a> to get guidance and more information on IPAM and how to submit a request.</p><p>	 </p></div>

RLF - RLG - Raiffeisen Bank Ukraine 2024

A Resilience and Livelihoods Guarantee RLG, under the Resilience and Livelihoods Framework RLF, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of up to EUR 100 million equivalent the Covered Portfolio to be originated by Raiffeisen Bank JSC in Ukraine. The Project will be delivered in two tranches: i committed Tranche A amounting to EUR 60 million of the Covered Portfolio and; ii uncommitted Tranche B amounting to EUR 40 million of the Covered Portfolio.20 of the RLG is part of the EU4Business-EBRD Credit Line with incentives this sub-limit assigned with a separate EBRD project number 55246. The EBRD and the EU support investment projects of local small and medium enterprises SMEs across the Eastern Partnership region. The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies at least 70 of the sub-limit, thereby enhancing businesses' competitiveness. The EU and the US complement the offer with incentive grants and technical assistance under its EU4Business initiative.The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries inter alia food processing, retail, logistics, with the ultimate goal of preserving livelihoods in Ukraine. The Facility will support the Resilient, Inclusive and Competitive TI qualities.The Resilient quality stems from credit enhancement mechanism provided by the RLG, which will enable Raiffeisen Bank JSC to finance Ukrainian agricultural value chains and other critical industries and to preserve food and energy security, maintain consumption and access to critical goods as a vital step in safeguarding people's livelihoods and to reduce losses due to supply chain disruptions.The Facility will also support the Inclusive quality by providing funding to the Ukrainian businesses affected by the war, aimed at safeguarding their human and organisational capital.The Facility also contributes to the Competitive quality by improving SME investments in line with EU standards, enhancing their competitiveness in domestic and export markets.RAIFFEISEN BANK JSCRaiffeisen Bank JSC is the fourth largest bank in Ukraine and the largest private bank with 6.7 market share by total assets EUR 4.5B as of YE2023. The bank has 320 branches and 1,567 ATMs, servicing 2.65 million active clients offering conventional banking products to corporate, SME and retail customers.EUR 50,000,000EUR 100,000,000Response to the war in Ukraine: the Facility is provided in the extraordinary circumstances of the ongoing war on Ukraine, serving as a significant risk mitigating instrument to enable financing of critical industries. Categorised FI ESP 2019. Raiffeisen Bank JSC is an existing client of EBRD and performance on environmental and social ES issues to date has been satisfactory. Annual reporting, and previous ES due diligence, demonstrates that the bank has staff nominated to manage ES issues, adequate ES risk management procedures built into the credit appraisal process and appropriate monitoring for ES issues both within the portfolio and within the institution itself. The management system is applied to the entire commercial lending portfolio. Non-TC: The project will benefit from donor support in the form of the first loss risk cover for potential defaulted sub-loans in the Covered Portfolio. TC and non-TC under EU4Business-EBRD Credit Line: SME sub-borrowers will benefit from EU and US funded financial incentives for eligible sub-projects, while the bank will receive technical assistance from dedicated consultants towards investment projects preparation and implementation.Ruslan Spivakruslan.spivakraiffeisen.ua+380 66 222 2943https:raiffeisen.ua4A Generala Almazova,Kyiv, Ukraine 0101125 Apr 2024Framework projectFramework: Resilience and Livelihoods FrameworkPublished: 14.04.2022Further information regarding the EBRD's approach to measuring transition impact is available here.For business opportunities or procurement, contact the client company.For business opportunities with EBRD not related to procurement contact:Tel: +44 20 7338 7168Email: projectenquiriesebrd.comFor state-sector projects, visit EBRD Procurement:Tel: +44 20 7338 6794Email: procurementebrd.comSpecific enquiries can be made using the EBRD Enquiries form.The ESP and the associated Performance Requirements PRs set out the ways in which the EBRD implements its commitment to promoting "environmentally sound and sustainable development".  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders' concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project's environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.More information on the EBRD's practices in this regard is set out in the ESP.The EBRD's Office of the Chief Compliance Officer OCCO promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to complianceebrd.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.Specific requests for information can be made using the EBRD Enquiries form.If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful e.g. through the Client's Project-level grievance mechanism or through direct engagement with Bank management, individuals and organisations may seek to address their concerns through the EBRD's Independent Project Accountability Mechanism IPAM.IPAM independently reviews Project issues that are believed to have caused or to be likely to cause harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email ipamebrd.com to get guidance and more information on IPAM and how to submit a request.

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