OFFICIAL
DOCUMENTS
Supplemental Letter No. 2
JOINT STOCK COMPANY "THE STATE EXPORT-IMPORT BANK OF UKRAINE"
June 26, 2017
International Bank for
Reconstruction and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Re:        Loan No. 8727-UA
(Access to Long Term Finance Project)
Performance Monitoring Indicators
Dear Sirs and Mesdames:
This refers to paragraph A.1 of Section II of Schedule 2 to the Loan Agreement of even date
herewith between the International Bank for Reconstruction and Development (the Bank) and
Joint Stock Company "The State Export-Import Bank of Ukraine" (the Borrower). The Borrower hereby
confirms to the Bank that the indicators set out in this letter shall serve as a basis for the Borrower to monitor
and evaluate the progress of the Project and the achievement of the objectives.
Very truly yours,
JOINT STOCK COMPANY "THE STATE EXPOR - PORT BANK OF UKRAINE"
By   A


Attachment to Supplemental Letter No. 2
Project Development Objective Indicators
*  Ratio of the average maturity of SME sub-financing under the project, over the average maturity
of the PFIs' SME portfolio not financed under the project.
*  Number of SME beneficiaries financed by PFIs under the project (cumulative).
*  Based on Core Indicator: Volume of Bank Support: Lines of Credit - SME (cumulative, USD
million).
Intermediate Results Indicators
*  Number of active PFIs under the project (cumulative).
*  Based on Core Indicator: Outstanding SME finance portfolio (USD million).
*  Based on Core Indicator: Number of active SME finance accounts (not cumulative).
*  Based on Core Indicator: Portfolio Quality: Portfolio at risk (%).
* Based on Core Indicator: Financial Sustainability: Return on Assets (%)
* Based on Core Indicator: Financial Sustainability: Return on Equity (%)
*  Compliance with prudential regulation.
*  Gender: The first sub-finance from each PFI has been reviewed by the World Bank for gender
bias, and remedial action has been taken accordingly.
*  Gender: Percent of SME beneficiaries financed under the project with at least 15 percent female
participation in their workforce.
*  Citizen Engagement: SMEs that report that project sub-finance reflected their needs.
Additional Indicators
*  Performance of SMEs under the project: (i) Increase in exports.
*  Profile of SMEs under the project: (i) Size of SMEs (number of employees); (ii) Economic
sector; (iii) Geographical location.
*  Profile of finance under the project: (i) Size of sub-finance; (ii) Maturity of sub-finance.