<div><h2>Project Description</h2><p></p><p>A  senior unsecured LCY-denominated loan of up to EUR 20 million equivalent to be provided to Bank Lviv in four equal tranches to enable the bank's support to private small and medium sized enterprises ("SMEs") in Ukraine. The facility is under the EBRD Resilience and Livelihoods Framework</p><p></p><h2>Project Objectives</h2><p></p><p>The Project will help Bank Lviv to maintain a sustainable funding base during the crisis and provide continued access to finance for private SMEs affected by the ongoing war on Ukraine. At least 30% of all financed sub-loans under the Project are to be directed on a best effort basis to support projects compliant with EBRD Green Economy Transition (GET) approach.</p><p></p><h2>Transition Impact</h2><p style="margin-top: -13px;"></p><p>The Project will support the Resilient and Inclusive TI qualities. </p><ul><li><em>Resilient:</em> reinforcing lending capacity of Bank Lviv and helping it to maintain sound funding profile</li><li><em>Inclusive</em>: supporting the war affected private businesses in Ukraine.</li></ul><p></p><h2>Client Information</h2><p>BANK LVIV JSC</p><p style="margin-top: -13px;"></p><p>A regional MSME-focused bank in the western part of Ukraine with total assets of USD 280 million (ranked #27, 0.4% market share) and a loan portfolio of USD 183 million (ranked #18, 1% market share) as of YE2023. The bank has a head office in Lviv and operates through 19 branches (1 in Kyiv, 13 in Lviv region and 5 in other main cities in the western part of Ukraine).</p><p></p><h2>EBRD Finance Summary</h2><p>										EUR 20,000,000.00									</p><p style="margin-top: -13px;"></p><p>Includes a committed tranche of EUR 5 million equivalent and up to EUR 5 million equivalent for each of three uncommitted tranches, calculated based on the UAH-EUR exchange rate at the time of disbursement of the respective tranche of the loan.</p><p></p><h2>Total Project Cost</h2><p>										EUR 20,000,000.00									</p><h2>Additionality</h2><p></p><p><em>Response to the war in Ukraine</em>: the Project is undertaken in the extraordinary circumstances of the ongoing war on Ukraine enabling medium and long-term financing of Ukrainian SMEs in the local currency.</p><p><em>Gender Additional: </em>Senior managers of Bank Lviv will participate in EBRD-organized trainings covering the results of market diagnosis in Ukraine regarding the needs and  market opportunities for the Women in Business program with PFIs in Ukraine.</p><p></p><h2>Environmental and Social Summary</h2><p></p><p>Categorised FI (ESP 2019): Bank Lviv is an existing client and will continue to comply with PRs 2, 4 &amp;9, and further, implement and comply with the relevant EBRD's Environmental &amp; Social (E&amp;S) Procedures.  An Environmental Social Monitoring Plan ("ESMP") has been developed under the previous transaction and its implementation status was reviewed during the due diligence.</p><p></p><h2>Technical Cooperation and Grant Financing</h2><p></p><p>TC: None</p><p>Non-TC: the Project will benefit from LCY Interest Rate Subsidy to reduce EBRD's funding cost in order to bring the interest rate of the UAH facility to acceptable market level. The expected source of donor funds for the LCY Interest Rate Subsidy is the United States' SME Local Currency Lending Programme in Ukraine.  </p><p></p><h2>Company Contact Information</h2><p>Andriy Vynnychuk<br/>vynnychuk@banklviv.com<br/>+380 93 116 9747<br/>https://www.banklviv.com/<br/>1, Serbska str., Lviv, Ukraine, 79008<br/></p><h2>Implementation summary</h2><p></p><p><br/></p><p></p><h2>PSD last updated</h2><p>24 Apr 2024</p><div id="docsLinks" style="display:none"><h2>Related material</h2><ul class="relMat"></ul></div><script type="text/javascript">						var projFinderService = '/project-finder-json?1=1';						var projectId = "55295";					</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 - Bank Lviv LCY loan 2024

A  senior unsecured LCY-denominated loan of up to EUR 20 million equivalent to be provided to Bank Lviv in four equal tranches to enable the bank's support to private small and medium sized enterprises SMEs in Ukraine. The facility is under the EBRD Resilience and Livelihoods FrameworkThe Project will help Bank Lviv to maintain a sustainable funding base during the crisis and provide continued access to finance for private SMEs affected by the ongoing war on Ukraine. At least 30 of all financed sub-loans under the Project are to be directed on a best effort basis to support projects compliant with EBRD Green Economy Transition GET approach.The Project will support the Resilient and Inclusive TI qualities. Resilient: reinforcing lending capacity of Bank Lviv and helping it to maintain sound funding profileInclusive: supporting the war affected private businesses in Ukraine.BANK LVIV JSCA regional MSME-focused bank in the western part of Ukraine with total assets of USD 280 million ranked 27, 0.4 market share and a loan portfolio of USD 183 million ranked 18, 1 market share as of YE2023. The bank has a head office in Lviv and operates through 19 branches 1 in Kyiv, 13 in Lviv region and 5 in other main cities in the western part of Ukraine.EUR 20,000,000.00Includes a committed tranche of EUR 5 million equivalent and up to EUR 5 million equivalent for each of three uncommitted tranches, calculated based on the UAH-EUR exchange rate at the time of disbursement of the respective tranche of the loan.EUR 20,000,000.00Response to the war in Ukraine: the Project is undertaken in the extraordinary circumstances of the ongoing war on Ukraine enabling medium and long-term financing of Ukrainian SMEs in the local currency.Gender Additional: Senior managers of Bank Lviv will participate in EBRD-organized trainings covering the results of market diagnosis in Ukraine regarding the needs and  market opportunities for the Women in Business program with PFIs in Ukraine.Categorised FI ESP 2019: Bank Lviv is an existing client and will continue to comply with PRs 2, 4 9, and further, implement and comply with the relevant EBRD's Environmental Social ES Procedures.  An Environmental Social Monitoring Plan ESMP has been developed under the previous transaction and its implementation status was reviewed during the due diligence.TC: NoneNon-TC: the Project will benefit from LCY Interest Rate Subsidy to reduce EBRD's funding cost in order to bring the interest rate of the UAH facility to acceptable market level. The expected source of donor funds for the LCY Interest Rate Subsidy is the United States' SME Local Currency Lending Programme in Ukraine.  Andriy Vynnychukvynnychukbanklviv.com+380 93 116 9747https:www.banklviv.com1, Serbska str., Lviv, Ukraine, 7900824 Apr 2024Further 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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