TASCOMBANK JSC has received validation of its System of environmental and social management (SESM) by the Business Development Fund, the latter confirmed that introduced SESM of TASCOMBANK JSC complies with the Environmental and social standards of the World Bank.

Introduction of SESM at TASCOMBANK JSC is the result of the Complex environmental  and social due diligence held during 2024 in terms of the Bank’s compliance with the environmental and social standards within the framework of the project of inclusive support of the Ukrainian agriculture renewal (ARISE project). 

Successful introduction of SESM was a pre-condition of further participation of the Bank in certain state programs, for example, such as “Available loans 5-7-9”.
 
“Compliance with the ESG-standards is not only a requirement today, but it is also becoming a considerable competitive benefit for business. We are proud of our clients who are open for changes that demonstrate considerable achievements in ESG-standards compliance”, — emphasized Volodymyr Dubyey, the Chairman of the Management Board of TASCOMBANK JSC, — “We are grateful to our partners from Business Development Fund for fruitful cooperation during estimation of the Bank’s progress in the ESG standards implementation”.

TASCOMBANK continues implementing sustainable development goals and principles by means of the environmental, social and governance standards focusing onto proactive position in terms of improvement of the economic, environmental, public and social spheres and on creation of the considerable advantages for business development in Ukraine. 

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TASCOMBANK is a universal commercial bank with the Ukrainian capital that is a part of the TAS Group – one of the largest and dynamic financial and industrial groups of Ukraine. The Bank has been working at the Ukrainian financial market for more than 35 years and provides the full range of financial services for corporate clients and individuals. According to the amount of assets TASCOMBANK ranks 15. Credit rating assigned by the National Rating Agency has been confirmed at the level uaAАА (stable prognosis), deposits reliability rating has been confirmed at the level “5” (the highest reliability). TASCOMBANK network amounts to 94 working branches.