For international investors
JSCIB “UkrSibbank” (BNP Paribas Group) is a traditional leader among financial institutions of Ukraine.
As of 1 July 2007, according to the Ukrainian Accounting Standards, total assets of the Bank amounted to USD 5,757 million, equity of the Bank reached USD 488 million, credit portfolio was equal to USD 4,547 million, customer accounts – USD 1,631 million.
The Bank’s branch network consist³s of 1000 banking units all over Ukraine. Over 140 thousand Ukrainian corporations, small and medium enterprises are clients of JSCIB “UkrSibbank” and the number of individual clients exceeds 800 thousand. The Bank’s strategy is aimed at the development of its retail and investment banking activities as well as at expansion of its international business.
In 2004-2007 JSCIB “UkrSibbank” successfully placed four issues of its Eurobonds (LPNs) originated USD 100 (repaid), 125, 500 and 200 million. During the initial offering the demand for these issues from the part of foreign investors was very high. In April 2006 after the acquisition deal of the 51% stake in JSCIB “UkrSibbank” by BNP Paribas international credit rating agencies Moody’s and Fitch Ratings increased the bank’s Eurobond ratings up to “Ba2” and “BB-” respectively. In April 2007 JSCIB “UkrSibbank” fully repaid its debut USD100 mln Eurobond issue.
In 2005 JSCIB “UkrSibbank” attracted two syndicated loans with the amounts of USD 37 and 115 million for 1 year with the extension option for the same tenor. Having alternative sources of funding, JSCIB “UkrSibbank” did not use extension options and fully paid both credits in 2006. In May 2007 a new syndicated loan in amount of USD 250 mln was arranged for 2 years. In the future the Bank will use syndicated loan structure as a way of increasing foreign borrowings, if required. Syndicated loans are interested not only because of their attractive pricing and the ability to produce a successful credit history on the international capital markets, but also as a convenient procedure to raise funds.
Due to its unique experience JSICB “UkrSibbank” is able to assist other Ukrainian companies with raising foreign funding, as well as receiving international credit ratings.
By developing of trade finance business in 2004-2007 JSCIB “UkrSibbank” singed credit agreements with leading banks of the world: BNP Paribas (Paris), Commerzbank AG (Frankfurt am Main), Dresdner Bank AG (Frankfurt am Main), Deutsche Bank AG (Frankfurt am Main) and Bayerische Hypo – und Vereinsbank AG (Munich), AKA (Frankfurt am Main), UBS AG (Zurich).
Loan agreements, singed by the Bank to contribute development of international trade, allow utilization of long-term credit resources under the cover of foreign export credit agencies (ECA). JSCIB “UkrSibbank” is financing import under the cover of the following export credit agencies: HERMES (Germany), SACE (Italy), ATRADIUS (the Netherlands), COFACE (France), ECGD (UK), CESCE (Spain), EDC (Canada), EGAP (the Czech Republic), MEHIB (Hungary), SERV (Switzerland), KUKE (Poland), US Exim (USA), SINOSURE (China) and other countries. Resources are provided for the term up to 7 years for the purpose of financing Ukrainian enterprises which import equipment, goods and services from Germany, Italy, the Netherlands, France, the United Kingdom, Spain, Canada, the Czech Republic, Hungary, Switzerland, Poland, USA, China and other countries.
Moreover credit agreements signed by JSCIB “UkrSibbank” with Standard Bank Plc (the United Kingdom), Komercni banka, a.s. (the Czech Republic), UBS AG (Switzerland) Fortis Bank S.A. (Belgium) allow attraction of short-term credit recourses within one year for financing of export-import transactions of clients.
JSCIB “UkrSibbank” is a participant of Export Credit Guarantee Program (GSM-102), which is initiated by U.S. Department of Agriculture. Participation in the program allows the Bank to finance its clients, who import agricultural products from USA, by using funds from U.S. banks against the guarantee of Commodity Credit Corporation.
The Bank can also work with other financial institutions without a collateral on a case-by-case basis.
A substantial factor, that indicates stability and reliability of JSCIB “UkrSibbank”, is the fact that the bank was awarded the following credit ratings from the international credit agencies in foreign currency:
- Moody’s: long-term bank deposit rating “B2”, positive outlook
- Fitch Ratings: issuer default rating “BB-”, positive outlook
In April 2006 the deal on the acquisition of the 51% stake in JSCIB “UkrSibbank” by BNP Paribas was completed. Other 49% shares of the JSÑIB “UkrSibbank” remains with the original shareholders of the Bank.
BNP Paribas is in the top ten leading international banks and undertakes its activity in more then 85 countries of the world. The French bank is a leader in trade and structured finance and origination of debt securities. The Bank’s headquarter is located in Paris. According to “The Banker” (2007) magazine, BNP Paribas took third place among the top international banks by assets.
JSCIB “UkrSibbank” preserves its development strategy as a universal bank with providing a wide range of banking services for individuals and legal entities. Consumer lending, leasing and insurance are developing strongly. Advanced technologies of BNP Paribas are used to improve standards and quality of retail customers servicing, to increase the product range of JSCIB “UkrSibbank”.
Please address your requests for further information or co-operation proposals to the International Business Department of JSCIB “UkrSibbank”:
Vadim Mironyuk
Head of International Business
Telephone +380 44 537 50 09
Fax: +380 44 537 50 59
e-mail: v_mironyuk@ukrsibbank.com
Ivan Levkivskyy
Head of Debt Origination
Telephone +380 44537 50 09
Fax: +380 44 537 50 59
e-mail: i_levkovsky@ukrsibbank.com
Irina Sinyakevich
Head of Financial Institutions
Telephone +380 44 201 22 69
Fax: +380 44 537 50 59
e-mail: i_sinyakevich@ukrsibbank.com
Anna Kaplya
Head of Trade Finance and Documentary Transaction
e-mail: a_kaplya@ukrsibbank.com
Telephone +380 44 537 49 21
Fax: +380 44 537 50 59
2/12 Andriyivska St., Kyiv, 04070, Ukraine
